NII Holdings Inc. (NIHD) announced its intention to offer, through its subsidiary NII Capital Corp., approximately $500 million principal amount of senior notes due 2019 to qualified institutional buyers.
The company intends to use the net proceeds for general corporate purposes, which may include, without limitation, expansion of its existing network, either through capital expenditures for internal expansion or acquisitions of other operators; the acquisition of telecommunications spectrum licenses or other assets; the deployment of new network technologies; or the refinancing, repayment or repurchase of outstanding indebtedness.
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