Atlanta – Cox Communications Inc. has initiated a cash
tender offer for its subordinated discount debentures due in 2020.
According to a document filed with the Securities and Exchange Commission on
Aug. 27, Cox is offering $510 in cash for each $1,000 principal amount at
maturity of the debt tendered before 5 p.m. on Sept. 9.
The price drops to $495 per $1,000 principal amount at maturity for each
debenture tendered after Sept. 9 but before Sept. 23.
Merrill Lynch & Co. and Citigroup Global Markets Inc. are acting as
dealer managers and Global Bondholder Services Corporation is acting as
information agent in connection with the tender offer.