Arch Wireless to redeem $8.26 million notes above $15 million mandatory redemption

New York, April 15 - Arch Wireless, Inc. said its Arch Wireless Holdings, Inc. subsidiary will redeem $8.26 million principal amount of its 10% senior subordinated secured notes due 2007 on May 15 in addition to the mandatory redemption of $15 million of the notes.

The redemption will be at par and applies to holders of record as of May 1.

Arch Wireless Holdings issued $200 million of the notes on May 29, 2002.

So far it has redeemed at par plus accrued interest $116.7 million principal amount, leaving $83.3 million outstanding. The upcoming redemption will reduce the total to $60 million.

WHX buys back $5.7 million notes

New York, April 15 - WHX Corp. bought back $5.7 million of its 10½% senior notes due 2005 during the first quarter.

The repurchases followed buybacks of $134.6 million principal amount of the notes during 2002 at a cost of $87.6 million, the New York-based company said in a filing with the Securities and Exchange Commission.

Azteca extends exchange

New York, April 15 - Azteca Holdings, SA de CV extended the expiration date of its exchange offer for its 10½% senior secured notes due 2003 to 5.00 p.m. ET on April 24 from 5.00 p.m. ET on April 14.

At the old expiration date, $63.498 million principal amount of the notes had been tendered, up from $61.293 million at the last announcement on April 7, according to the Mexico City holding company which owns 55% of Spanish language broadcaster TV Azteca, SA de CV.

Azteca is offering new 10¾% senior secured amortizing notes due 2008 in exchange for the existing notes.

The company is also conducting a consent solicitation to amend the indenture of the existing notes.

The exchange has already been extended from its original expiration date of March 31 at which point $41.993 million of the existing notes had been tendered.

Alestra extends exchange

New York, April 15 - Alestra s de RL de CV extended the deadline for its exchange offer, tender offer and consent solicitation to May 7, unless further extended.

Alestra said it is continuing to negotiate with an ad hoc committee of noteholders about the offers.

San Pedro Garza Garcia, Mexico telecommunications company said that so far $143 million principal amount of its 12 1/8% senior notes due 2006 and $95 million principal amount of its 12 5/8% senior notes due 2009 has been tendered.

The information agent for the offer is D.F. King & Co., Inc. (banks and brokers call collect 212 269-5550, others call toll free 800 549-6697).

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