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Filed by Arch Wireless, Inc.
Pursuant to Rule 425
Subject Company: Arch Wireless, Inc.
Registration Statement File No.: 333-93321
NEWS RELEASE
FOR IMMEDIATE RELEASE CONTACT: Bob Lougee
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Wednesday, October 25, 2000 508-870-6771
ARCH WIRELESS COMPLETES EXCHANGE OFFER FOR DISCOUNT NOTES
Westborough, MA (October 25, 2000) - Arch Wireless, Inc. today announced that
its offer to exchange up to 29,651,984 shares of its common stock for all
outstanding 10 7/8% Senior Discount Notes Due 2008 at an exchange ratio of
66.1318 shares for each $1,000 principal amount of notes expired at 11:59 p.m.
on October 24, 2000. According to the exchange agent for the exchange offer,
an aggregate of $8,201,000 principal amount ($7,852,000 accreted value) of
Senior Discount Notes was tendered for conversion.
In accordance with the terms of the exchange offer, Arch Wireless will issue
approximately 542,347 shares upon conversion of the tendered notes. Following
such conversion, an aggregate of $164,159,080 principal amount ($157,174,000
accreted value) of 10 7/8% Senior Discount Notes will remain outstanding.
ABOUT ARCH WIRELESS
Arch Wireless, Inc., Westborough, MA is a leading two-way wireless Internet
messaging and mobile information company providing a full range of wireless
messaging services, including two-way wireless e-mail, to customers in all 50
states, the District of Columbia and in the Caribbean. Arch's pending merger
with Paging Network, Inc. will create one of the leading wireless Internet
messaging and wireless information companies in North America. Additional
information about Arch Wireless is available on the Internet at WWW.ARCH.COM.
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