EXHIBIT 99.2
Winstar Extends Expiration Date for Debt Tender Offers; Expiration Date to
Coincide with Closing Date of Previously Announced New Senior Notes Offering
NEW YORK -- (BUSINESS WIRE) -- March 31, 2000 -- Winstar Communications, Inc.
WCII announced today that it has extended the Expiration Date with respect to
its offer to purchase for cash, any and all of its outstanding 14% Senior
Discount Notes Due 2005 and 14-1/2% Senior Deferred Interest Notes Due 2005; the
outstanding 12-1/2% Guaranteed Senior Secured Notes Due 2004 of Winstar
Equipment Corp.; and the outstanding 12-1/2% Guaranteed Senior Secured Notes Due
2004 of Winstar Equipment II Corp. (collectively, the "Notes").
The Company has extended the Expiration Date until 9:30 a.m., Eastern Standard
Time, on April 10, 2000, to coincide with the closing date of its previously
announced new senior notes offering.
The terms and conditions of the offers are set forth in the Company's Offer to
Purchase and Consent Solicitation Statement dated March 3, 2000 (the "Offer to
Purchase"). Capitalized terms used herein, unless otherwise defined herein, have
the meanings ascribed thereto in the Offer to Purchase.
Except for any historical information contained herein, the matters discussed in
this press release contain forward-looking statements that involve risks and
uncertainties, including those described in Winstar's SEC reports and other
filings.
Winstar is a registered trademark of Winstar Communications, Inc.
CONTACT:
Financial Community:
Daniel Briggs
Director, Capital Market Relations
212/792-9032
[email protected]
-or-
Press:
Marianne Steiner
Vice President, Corporate Communications
212/792-9021
[email protected]
