Monday, August 21, 2006

WildBlue $350M

WildBlue Communications, Inc. completed a $350M debt financing (via LibertyMedia, NRTC, & Tennenbaum Capital Partners LLC). "The $350M of secured financing enhances the company's capital structure and provides additional capital to fund the continuing growth of WildBlue's broadband business... The credit facility refinances a portion of the shareholder financing WildBlue secured in January of 2006, and also provides $170 million of additional financing for the company." ..... Dave Leonard, CEO of WildBlue: "Our customer base continues to expand rapidly, with over 85,000 customers in rural areas who've taken advantage of the availabilityof WildBlue's high speed service to date. We are now adding over 10,000 new subscribers per month, and this funding enables substantial expansion of our service availability by tripling our customer capacity with the launch of our second satellite, WildBlue-1.

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