hawaiian telcom holdco inc (HCOM) Snapshot

Hawaiian Telcom Holdco, Inc. announced the closing of the refinancing of its existing senior secured credit facility. In connection with the refinancing, the company entered into a new $300 million senior secured credit facility maturing June 6, 2019. Pricing on the new term loan was set at LIBOR plus 4.00% with a LIBOR minimum of 1.00%, and sold at $99.5 per $100 of principal amount. The proceeds from the new $300 million term loan were used, along with $5 million of existing cash, to pay off the company's outstanding term loan, and to pay a prepayment penalty as well as closing costs and other third-party expenses related to the transaction. With respect to the new senior secured credit facility: Credit Suisse Securities (USA) LLC was Sole Lead Arranger and Sole Bookrunner for the refinancing. Credit Suisse AG, Cayman Islands Branch is the Administrative Agent and Collateral Agent for the Lenders.

Hawaiian Telcom Holdco, Inc. Presents at Stephens Spring Investment Conference, Jun-04-2013 04:00 PM. Venue: The New York Palace Hotel, New York, New York, United States.

Hawaiian Telcom Holdco, Inc. announced plans to seek to refinance its existing $300 million senior secured credit facility. The proposed amended and restated credit facility would be used to refinance and extend the maturity of the company's existing $300 million term loan, which matures February 28, 2017.