US Unwired calls 13 3/8% discount notes

Pittsburgh, Sept. 23 - US Unwired Inc. will redeem all of its outstanding 13 3/8% senior subordinated discount notes due 2009 at a redemption premium of 6.688%, according to a company news release.

The redemption date is Nov. 1.

The company retired $235.8 million of the $400 million outstanding notes through a tender offer in the second quarter and successfully exchanged $75 million of the notes for equity, the release said.

The redemption and buybacks will eliminate about $89.2 million of debt and reduce the company's interest payments by about $12 million.

US Unwired is a Lake Charles, La.-based Sprint PCS affiliate.

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