EXHIBIT 99.1
FOR IMMEDIATE RELEASE
DOBSON COMMUNICATIONS PLANS PRIVATE OFFERING OF
APPROXIMATELY $250 MILLION IN SENIOR NOTES
OKLAHOMA CITY, June 9, 2000 - Dobson Communications Corporation
(Nasdaq: DCEL) announced today that it plans to effect a private
offering under Rule 144A of $250 million in senior notes due 2010.
Net proceeds from the offering will be used to pay down existing
bank debt and for general corporate purposes.
The unsecured notes will rank pari passu in right of payment
with any of Dobson's existing and future senior indebtedness and
will be senior to all existing and future subordinated debt.
The senior notes to be offered will not be registered under
the Securities Act of 1933, and may not be offered or sold in the
United States absent registration or any applicable exemption from
registration.
