Thermo Credit Hires New VP of Sales

Thermo Credit LLC (Booth 312), a funding company focused exclusively on the telecommunications industry, hired Phil Pedone as vice president of sales. Pedone has 25 years of sales experience with more than seven in the telecom industry. His considerable experience will bring a new level of expertise and service to Thermo Credits high standard of […]

Platinum Equity Wins Trinsic Auction

Platinum Equity LLC, an investor that buys ailing companies and then runs them, has purchased bankrupt Trinsic Inc. for $25.5 million. Platinum bought Trinsic in late March after two auctions typically, there is only one. However, the first time, Trinsic tried to sell to multilevel phone marketer American Communications Network Inc. (ACN), even though Platinum […]

Thermo Credit Rolls Out Contract Financing, Funds CentricVoice

Thermo Credit LLC (Booth 1006) is funding VoIP services provider CentricVoice Inc. with up to $1 million in receivables financing. And for the first time, Thermo Credit also is delving into contract financing. It is laying out an initial $500,000 in contract financing for CentricVoice. We always look for A+ companies to work with whenever […]

Thermo Credit Provides $10 Million in Funding to Wireless Reseller

Thermo Credit LLC (Booth 1006), which provides loans, lines of credit, and capital investment programs to telecom companies, has provided Progressive Concepts Inc. (PCI) with up to $10 million in receivables financing. This marks the first time Thermo Credit has funded a company in the cellular MVNO and reseller arena. We are very excited about […]

Thermo Enters $10 Million Arrangement With Progressive Concepts

Thermo Credit LLC on Monday announced it has entered into an agreement with Progressive Concepts Inc. (PCI) to provide up to $10 million in receivables financing. The Thermo facility was a key component of the financial restructuring and subsequent acquisition of PCI by its new parent company Teletouch Communications Inc. The PCI facility represents Thermo […]

Time Warner Telecom to Buy Xspedius for $531.5 Million

Consolidation fever struck again late Thursday as Time Warner Telecom Inc. announced it has snapped up Xspedius Communications LLC, a privately held CLEC based in Missouri, for  $531.5 million. The deal is expected to close within the next six months. Time Warner Telecom will pay $212.5 million in cash and $319 million in shares of […]

Thermo Credit Funds CentricVoice Facility

Thermo Credit LLC, an investment company that funds the likes of Xspedius Communications LLC, on Tuesday announced it has entered into an agreement with CentricVoice Inc. to provide up to $1,000,000 in receivables financing as well as an initial $500,000 in contract financing for a new facility that will replace a credit facility CentricVoice had […]

Xspedius President Resigns

Xspedius Communications LLC announced this week that its president and CEO, Mark Senda, has resigned. He has been temporarily replaced by James Lynch, who also serves as chairman of the Xspedius board of directors. We thank Mark for his many contributions over the last three years, Lynch said in a news release. We have a […]

Thermo Credit Signs NCIC

Thermo Credit LLC (Booth 222) announced it has entered into an agreement with NCIC Operator Services to provide up to $10 million in receivables funding. In doing so, Thermo Credit has replaced aNCIC Operator Services existing credit facility. Thermo Credit is a receivables funding company specializing in the telecom industry.

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