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NEWS RELEASE
[NEXTEL INTERNATIONAL, INC. LOGO]
For Immediate Release
NEXTEL INTERNATIONAL COMPLETES $650 MILLION DEBT OFFERING
RESTON, Va., August 1, 2000 - Nextel International, Inc., announced today that
it has completed a private placement of $650 million of its 12 3/4% Senior
Serial Notes due August 1, 2010, which were sold at a discount of 98.622% of
their aggregate principal amount to produce a yield to stated maturity of 13%.
Nextel International intends to use the net proceeds of the offering to
finance network expansion, acquisitions of additional spectrum, working capital
needs or debt service requirements or for other general corporate purposes.
The securities offered have not been and will not be registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any jurisdiction where such offer, solicitation or jurisdiction
would be unlawful prior to registration or qualification under the securities
laws of such state. The statements in this news release regarding future aspects
relating to the offering and other statements which are not historical facts are
forward-looking statements that involve risks and uncertainties.
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