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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
ITC^DeltaCom gets tenders of less than 1% in offer for its 10½% notes
By Susanna Moon
Chicago, Jan. 19 - ITC^DeltaCom, Inc. said it completed the tender offer to purchase its outstanding 10½% senior secured notes at 5 p.m. ET on Jan. 18.
Holders tendered $200,000 principal amount, or 0.06%, of the outstanding notes, according to a company press release.
The total purchase price was about $208,300, including accrued interest, and was funded with cash on hand.
ITC^DeltaCom is a Huntsville, Ala.-based provider of integrated telecommunications and technology services.
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