Daily News: March 5, 2013

EarthLink Cancels Plan to Seek $450MM of Loans


Bloomberg reported that EarthLink, an Internet service provider, canceled its plans to seek $450 million of loans to refinance debt, citing a person with knowledge of the transaction.

The article said that the financing would have consisted of a $300 million, six-year term loan B and a four-year $150 million revolving line of credit.

To read the entire Bloomberg story, click here.

Previously on abfjournal.com:

Earthlink Said to Set Rate on $300MM Refinancing, Thursday, February 21, 2013