Palm Beach Gardens, Florida, September 23, 2005—Dycom Industries, Inc. (NYSE Symbol: "DY")
announced today that it has commenced an offering (the “offering”) of $150 million Senior Subordinated Notes due 2015 (the “notes”). The Company intends to use the net proceeds from this offering to partially finance the purchase of up to 9.5 million shares of the Company’s common stock pursuant to its previously announced modified Dutch Auction self-tender offer. The tender offer is subject to a number of terms and conditions, including closing of this offering. This offering is not conditional on the successful completion of the tender offer.
The notes and the guarantees thereof will not be registered under the U.S. Securities Act of 1933, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act of 1933 and any applicable state securities laws.
The press release includes statements that constitute “forward-looking statements.” These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: uncertainties regarding investor demand for the notes; the number of shares of common stock tendered and the price at which the Company determines to purchase shares; prevailing market conditions; business and economic conditions in the telecommunications industry affecting the Company’s customers; the anticipated outcome of other contingent events, including litigation; liquidity needs and the availability of financing; other uncertainties and matters beyond the control of management; and the other risks detailed in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITY AND DOES NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE IN ANY JURISDICTION IN WHICH SUCH OFFERING WOULD BE UNLAWFUL.
Dycom is a leading provider of specialty contracting services throughout the United States. These services include engineering, construction, maintenance and installation services to telecommunications providers, underground locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric utilities and others.


