* Newstin.com is for sale! * After achieving our strategic milestone, we are offering for sale: Newstin.com and all 14 related domains featuring 1 million unique visitors per month + continuously updated news database of 37 million articles in 12 world languages from 166,000 global and weighted sources + 2.1 billion metadata * To seize this unique chance, contact invest@newstin.com. * Newstin.com is for sale! *
Full Coverage

Vonage Holdings Corp. Signs Commitment Letter to Refinance Debt

                   
prnewswire.com
Jul 24, 2008
        
Story Timeline:  73 days

HOLMDEL, N.J., July 24 /PRNewswire-FirstCall/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone service, announced today it has entered into a commitment letter with Silver Point Finance, LLC ("Silver Point") establishing the terms and conditions for up to $215 million in private debt financing of which Silver Point has committed to provide $125 million. The availability of the Silver Point financing is subject to the negotiation and execution of definitive documentation and the satisfaction of certain conditions including certain other lenders committing to provide $60 million of the private debt financing. If these conditions are met, an initial closing for between $185 million and $215 million of amounts under the financing is expected to occur in the third quarter of 2008. The Company intends... [read full story]                    

Add Comment
Latest article on this story:

Vonage May Get Fresh CEO Along With Financing

 tmcnet.com Jul 27, 2008
First article on this story:

Vonage Holdings Corp. Signs Commitment Letter to Refinance Debt (PR Newswire)

 yahoo.com Jul 24, 2008
Selected publications with coverage of this story:
telecomdirectnews.com techweb.com teleclick.ca prnewswire.com yahoo.com twice.com app.com tmcnet.com informationweek.com techconfidential.com
RELATED
Found 12 documents:

Vonage May Get Fresh CEO Along With Financing

tmcnet.com
Jul 27, 2008
        

VoIP provider Vonage Holdings has tailored a deal with hedge fund Silver Point Finance that will keep the firm operating as the company prepares to name a new chief executive to replace founder and chairman Jeffrey Citron,...

Vonage Secures Private Financing, Seeks New CEO

teleclick.ca
Jul 26, 2008
        

Independent VoIP provider, Vonage Holdings Corp., will name a new Chief Executive Officer as early as this week, now that it has successfully returned from the brink of financial ruin, scoring a private financing deal worth as...

Vonage May Get Fresh CEO Along With Financing (TechWeb)

yahoo.com
Jul 25, 2008
        

By W. David Gardner InformationWeek Fri Jul 25, 4:04 PM ET VoIP provider Vonage Holdings has tailored a deal with hedge fund Silver Point Finance that will keep the firm operating as the company prepares to name a new chief...

Vonage May Get Fresh CEO Along With Financing

techweb.com
Jul 25, 2008
        

The VoIP provider and Silver Point are establishing the terms and conditions for up to $215 million in private debt financing. By W. David Gardner InformationWeek VoIP provider Vonage Holdings has tailored a deal with hedge...

Vonage May Get Fresh CEO Along With Financing

informationweek.com
Jul 25, 2008
        

The VoIP provider and Silver Point are establishing the terms and conditions for up to $215 million in private debt financing. By W. David Gardner InformationWeek VoIP provider Vonage Holdings has tailored a deal with hedge...

                   

Vonage strikes deal to help pay debt

tmcnet.com
Jul 25, 2008
        

KRT) Via Acquire Media NewsEdge) Jul. 25--Internet telephone company Vonage Holdings Corp. is closer to getting the $215 million it needs to pay off $253 million in debt and avoid the possibility of bankruptcy. The company said...

Vonage Secures Financing

twice.com
Jul 25, 2008
        

— VoIP provider Vonage said it had secured financing that it would use against its existing convertible notes, which could be put to the company this December. Vonage’s financial lifeline comes courtesy of Silver Point Finance....

                   

Vonage Staves Off Disaster With Loan Promise

telecomdirectnews.com
Jul 25, 2008
        

After months of trying, pure-play VoIP market leader Vonage has managed to refinance most of its debt, beating a Dec. 16 do-or-die deadline. Vonage has some $253 million in convertible notes that can be put to the company right...

                   

Vonage strikes deal to help pay debt

app.com
Jul 25, 2008
        

HOLMDEL — Internet telephone company Vonage Holdings Corp. is closer to getting the $215 million it needs to pay off $253 million in debt and avoid the possibility of bankruptcy. The company said Thursday that Greenwich,...

Funding pledge fails to boost Vonage shares

techconfidential.com
Jul 24, 2008
        

Vonage Holdings Corp. [VG] on Thursday said it signed a commitment letter for a financing led by Silver Point Finance LLC that could provide the troubled Internet phone company with up to $215 million to refinance debt.If...

1 2 next