RESTON (dpa-AFX) - NII Holdings, Inc. [NIHD] said Thursday that it plans to offer, through its wholly owned subsidiary NII International Telecom S.C.A., about $500 million principal amount of senior notes due 2019 to qualified institutional buyers.
NII said it plans to use the net proceeds from the notes offering to fund the payment in full of its Mexico bank loan and the remaining net proceeds to repay a portion of one of its Brazil bank loans.
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