Eschelon Telecom starts roadshow for $85 million proceeds discount notes

By Paul A. Harris

St. Louis, Feb. 25 - Eschelon Telecom started a roadshow Wednesday for $100 million of six-year senior notes (CCC+), a market source said.

The notes are expected to be discounted to 85, and hence are expected to generate $85 million of proceeds. Pricing is expected to take place on March 8.

Jefferies & Co. and Wachovia Securities are the underwriters.

The notes will come with three years of call protection.

Proceeds will be used to repay bank debt.

The Minneapolis-based company provides voice, data and internet services to small and medium sized businesses in the Western United States.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.