Choice One, CTC, Conversent Wrap Up Group Merger

Choice One Communications, CTC Communications and Conversent Communications this week completed their group merger in a move that will create the largest privately held CLEC in the United States. The new company will go by the name One Communications as of July 24, and will serve businesses in 16 states within the Northeast, Mid-Atlantic and […]

ITC^DeltaCom Announces Financing Commitment

ITC^DeltaCom Inc., the telecommunications provider in the Southeast, on Tuesday announced arranging a $239 million financing commitment from Tennenbaum Capital Partners LLC, a private investment firm. West Point, Ga.-based ITC^DeltaCom said it would use $209 million to fully refinance its senior credit facility while $30 million would be extended as a subordinated secured loan and […]

Xspedius Completes Financing

Xspedius Communications LLC, a private telecommunications carrier targeting businesses in the Southeast, has arranged $55 million in senior secured debt financing. Missouri-based Xspedius announced using the proceeds of the loan to repay existing subordinated debt and to support general purposes, including potential acquisitions. The loan arranged by Jefferies & Company Inc. matures in March 2010. […]

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