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Article: Verio Inc. Announces $150 Million Debt Financing
- Article from:
- PR Newswire
- Article date:
- June 25, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DENVER, June 25 /PRNewswire/ -- Verio Inc., a national Internet services provider for small and mid-sized business and institutional customers, today announced that it has completed the sale of units consisting of $150 million of senior unsecured notes maturing in 2004, and warrants for common stock. The transaction was underwritten by Merrill Lynch & Co. and Lazard Freres & Co. LLC, and was placed with a number of qualified institutional investors. Verio will use the net proceeds from the offering to finance the company's ongoing operations and its continuing investments in Internet provider affiliates.
With this transaction, Verio has so far received ...