ITC^DeltaCom, Inc. Announces Expiration of Tender Offer
ATLANTA, Jan. 19, 2011 /PRNewswire/ -- ITC^DeltaCom, Inc. (the "Company") today announced that its tender offer to purchase any and all of its outstanding 10.5% senior secured notes due 2016 (the "Notes") expired at 5:00 p.m., New York City time, on January 18, 2011 (the "Expiration Time").
A total of $200,000 in aggregate principal amount, or 0.06%, of the outstanding Notes were tendered by the Expiration Time. The Company has accepted and paid for all of the tendered Notes. Together with the accrued interest on all tendered Notes, the total amount to purchase all Notes tendered was approximately $208,300. The Company funded the purchase with cash on hand.
This press release does not constitute an offer to purchase nor a solicitation of an offer to sell any Notes or other securities, nor shall there be any purchase of Notes in any state or jurisdiction in which such offer, solicitation or purchase would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About Deltacom
ITC^DeltaCom, Inc. (Deltacom), a wholly-owned subsidiary of EarthLink, Inc. headquartered in Huntsville, Alabama, provides, through its operating subsidiaries, integrated telecommunications and technology services to businesses and other communications providers in the southeastern United States. Deltacom has a fiber optic network spanning approximately 16,400 route miles (12,483 owned or controlled under IRU agreements), and offers a comprehensive suite of voice and data communications services, including local, long distance, broadband data, Internet connectivity, wireless voice and data services, and customer premises equipment. Deltacom is one of the largest competitive telecommunications providers in its primary eight-state region. For more information, visit Deltacom's web site at www.deltacom.com.
SOURCE ITC^DeltaCom, Inc.
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