Exhibit 99
FOR IMMEDIATE RELEASE
DOBSON COMMUNICATIONS ANNOUNCES COMPLETION OF SENIOR NOTES OFFERING
OKLAHOMA CITY, June 22, 2000 (PRIMEZONE) -- Dobson
Communications Corporation (Nasdaq:DCEL) announced today
that it has completed a private placement of $300 million
principal amount of 10-7/8% Senior Notes due 2010. The
Senior Notes were issued at a price of $992.45 per Senior Note.
The transaction resulted in net proceeds to the Company of
approximately $290.3 million, which the Company intends to
use to pay down bank debt and for working capital and other
general corporate purposes.
This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation
Reform Act of 1995. These include, but are not limited to,
statements regarding the amount and use of proceeds. Such
statements are inherently subject to a variety of risks and
uncertainties that could cause actual results to differ
materially from those projected. A discussion of the risk
factors that could impact these areas and the Company's
overall business and financial performance can be found in
the Company's reports filed with the Securities and Exchange
Commission. Given these concerns, investors and analysts
should not place undue reliance on forward-looking
statements.
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CONTACT: J. Warren Henry
Vice President, Investor Relations
(405) 529-8820
