OKLAHOMA CITY, Sept. 1, 2000 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today reported that it had completed its exchange offer for $300 million principal amount of its outstanding 10 7/8% Senior Notes due 2010. As of the close of business on August 30, 2000, the holders of $300 million principal amount of Dobson's outstanding 10 7/8% Senior Notes due 2007 had tendered their Notes in exchange for new 10 7/8% Senior Notes due 2010, which have been registered under the Securities Act of 1933.
Dobson Communications is a leading provider of cellular phone services to rural markets in the United States. Headquartered in Oklahoma City, the rapidly growing Company owns or manages wireless operations in 18 states. For the year ended December 31, 1999, Dobson reported total revenues of $359.3 million; EBITDA of $137.9 million; and a net loss of $127.6 million, which included a loss from discontinued operations and extraordinary expense.
For additional information on the Company and its operations, please visit its web site at www.dobson.net.