Channel Partners

March 17, 2005

1 Min Read
Xspedius Completes Financing

Xspedius Communications LLC, a private telecommunications carrier targeting businesses in the Southeast, has arranged $55 million in senior secured debt financing.

Missouri-based Xspedius announced using the proceeds of the loan to repay existing subordinated debt and to support general purposes, including potential acquisitions. The loan arranged by Jefferies & Company Inc. matures in March 2010.

Earlier this month, Xspedius announced 2004 revenue of approximately $215 million, a 9 percent increase of the prior year. The company also reported improving its earnings before interest and other expenses for the fifth consecutive quarter and achieving positive cash flow in the fourth quarter of 2004.

Since Xspedius is private, it is not required to file financial documents with the Securities and Exchange Commission.

Investors in the company include Thermo Telecom Partners LLC; the 1818 Fund III L.P., a limited partnership managed by Brown Brothers Harriman; and the Meritage Private Equity Funds.

Read more about:

Free Newsletters for the Channel
Register for Your Free Newsletter Now

You May Also Like