Primus Telecommunications exchanges 10% notes for 10% exchange notes

By Marisa Wong

Madison, Wis., Dec. 21 - Primus Telecommunications Holding, Inc. exchanged on Dec. 19 $23,800,574 principal amount of its 10% senior secured notes due 2017 for $25,711,231 principal amount of its 10% senior secured exchange notes due 2017, according to an 8-K filing with the Securities and Exchange Commission.

The company also paid accrued interest on the exchanged 10% notes for the period from Oct. 15 to, but excluding, Nov. 14.

The 10% exchange notes accrue pre-issuance interest from Nov. 14 and are guaranteed by the same entities that guarantee the 10% notes. They were issued in July 2011 under the same indenture governing the exchanged notes.

Primus Telecommunications Holding is a wholly owned subsidiary of McLean, Va.-based Primus Telecommunications Group, Inc., which provides voice, data, mobile services, broadband internet, collocation, hosting and outsourced managed services to business and residential customers.

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