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Global Crossing receives no tenders from holders of 10¾% notes, 11¾% notes
By Jennifer Chiou
New York, May 18 - Global Crossing Ltd.'s wholly owned subsidiary Global Crossing (UK) Finance plc announced it did not obtain tenders in the excess cash tender offer for up to £14.652 million of its 10¾% dollar-denominated senior secured notes due 2014 and its 11¾% sterling-denominated senior secured notes due 2014.
The offer ended at noon ET on May 17.
The company would have paid par plus accrued interest.
The Bank of New York was the tender agent.
Global Crossing is a Hamilton, Bermuda, telecommunications services provider.
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