Leap Announces Proposed Private Placement of ~$1.1 Billion in Senior Secured Notes

Leap Wireless International, Inc. announced that its operating subsidiary, Cricket Communications, Inc., intends to commence an offering, subject to market and other conditions, of approximately $1.1 billion in aggregate principal amount of senior secured notes due 2016 to be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended via private placement memorandum.

The notes will bear interest at a rate to be determined at pricing and will be guaranteed on a senior secured basis by Leap and certain of its indirect subsidiaries. The notes and the guarantees will be secured by liens on substantially all of the personal property of Leap, Cricket and the subsidiary guarantors.

The net proceeds from the offering will be used to repay all amounts outstanding under Leap’s senior secured credit agreement, and in connection with such repayment Leap intends to terminate the revolving credit facility thereunder. Leap intends to use any remaining net proceeds, after such repayment and associated expenses, for general corporate purposes, which could include the expansion and improvement of its network footprint, acquisitions of additional spectrum or complementary businesses and, over the longer term, the deployment of next-generation network technology.

The senior secured notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

This press release is neither an offer to sell nor the solicitation of an offer to buy the notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such an offer, solicitation or sale is unlawful. Any offers of the notes will be made only by means of an offering memorandum. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
http://newsticker.welt.de/?module=smarthouse&id=894953

About PPM

PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

PPM.co’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

• New York Private Placement
• Communications Private Placement
• Technology Private Placement
• Debt Private Placement
• Equity Private Placement
• Technology Private Placement Memorandum Writing
• New York Private Placement Memorandum Writing
• Wireless Communications Private Placement Memorandum Writing
• Debt Private Placement Memorandum Writing
• Equity Private Placement Memorandum Writing