Grande Communications solicits consents for 14% notes due 2011

By Jennifer Chiou

New York, July 12 - Grande Communications Holdings Inc. announced the start of a consent solicitation for its 14% senior secured notes due 2011.

The San Marcos, Texas-based internet, local and long-distance telephone and cable television company is soliciting consents to amend the debt covenant of the indenture to permit the previously announced issue of $25 million of additional senior secured notes.

Grande Communications is seeking consents from holders of a majority of notes.

The solicitation ends at the earlier of 5 p.m. ET on Aug. 12 or when holders of a majority of notes consent to the amendments.

The company will provide additional information if requested (512 878-4000, attention: Michael Wilfley).

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