How much will this save AWE per qtr. going forward, does anyone know. ------ Considering a revenue run rate >$16B, the amount saved is only slightly more than a rounding error.
The real point of this and perhaps another debt retirement offer for the rest of the TeleCorp and Tritel high-yield debt, is that this will allow AWE is issue its own debt in the future at much better rates. BFD.
The real kicker will be to see how many bondholders will accept the debt offer.