By Paul A. Harris
St. Louis, July 9 - Grande Communications Holdings, Inc. announced in a Monday press release that it has placed a $25 million add-on to the company's 14% senior secured notes due April 1, 2011 with Goldman, Sachs & Co., Highland Crusader Offshore Partners, LP and Communications Media Advisors, LLC.
The notes were priced at 104.
The original notes were placed in a $168 million issue that was priced at 95.727 to yield 15% on March 10, 2004.
Proceeds from the add-on will be used to finance capital expenditures and for working capital.
Grande Communications is a San Marcos, Texas-based internet, local and long-distance telephone and cable television company.
| Issuer: | Grande Communications Holdings Inc.
|
| Face amount: | $25 million
|
| Proceeds: | $26 million
|
| Maturity: | April 1, 2011
|
| Security description: | Senior secured notes
|
| Coupon: | 14%
|
| Price: | 104.0
|
| Calls: | Callable beginning April 1, 2008 at 107.0
|
| Original issue: | $168 million priced at 95.727 to yield 15% on March 10, 2004
|
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