PAETEC Corp. has signed a $125 million amendment to its existing senior secured credit facility, with an extended term to January 2010.
PAETEC will re-invest in numerous growth initiatives that will continue to complement our already strong product offerings, said CFO Keith Wilson.
PAETEC, through its service provider subsidiary PAETEC Communications Inc., expanded service to the greater Tampa-St. Petersburg markets last year and purchased American Long Lines Inc. For 2006, it has rolled out the iPath VoIP suite. The provider continues to throw support behind agent and reseller programs.
The financing community enthusiastically supported all of these initiatives and we are anxious to look for further opportunities during 2006, said Wilson.