Article: Eschelon Telecom, Inc. Completes $65 Million High Yield Offering.

MINNEAPOLIS -- Eschelon Telecom, Inc., a provider of voice, data, Internet services and business telephone systems, today announced that its direct and wholly owned subsidiary, Eschelon Operating Company ("Issuer"), has closed a $65 million senior second secured notes offering that is a tack-on to its existing 8.375% senior second secured notes. The net proceeds of the latest offering will be used, in conjunction with a planned $15 million preferred stock offering, to fund the previously announced acquisition of Advanced TelCom, Inc.

The new notes have substantially the same terms and conditions as the original notes and are due 2010. The closing of the ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!