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Catherine Neel joined NII Holdings in June 1999 as the Assistant Treasurer and became Treasurer in November 2002 following NII’s successful restructuring to re-capitalize its balance sheet. During the three years since emerging from restructuring NII has grown its market capitalization from $50 million to over $9 billion.
During her tenure as Treasurer NII has raised over $1.3 billion in the capital markets through a secondary equity offering three convertible bond issues and a dual currency syndicated loan issued from NII’s Mexican subsidiary. NII has used the proceeds to purchase spectrum pay off vendor debt and to tender for 13% high yield notes further de-levering the balance sheet and reducing cost of debt to less than 5.5%. Ms. Neel is responsible for the company’s treasury functions including financing hedging foreign exchange and cash management. In addition Ms. Neel is responsible for the company’s risk management and investor relations functions.
Ms. Neel has more than 22 years of financial experience including 16 years in the telecommunications industry. Prior to joining NII Holdings Ms. Neel held various management positions with BellSouth in the areas of treasury corporate tax and internal audit. Before her work in telecommunications Ms. Neel practiced public accounting for 6 years. | 