Otelco refinances to enhance its capabilities for telecommunications customers
Otelco provides a wide range of wireline telecommunications services to customers in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia.
We helped our client Otelco complete a complex and multi-faceted refinancing, including new credit facilities totaling $105 million with two private equity firms and a related stock swap with former lenders. The new credit facilities were used to repay outstanding indebtedness, fund transaction-related expenses and provide for working capital.