Tuesday, July 01, 2008

Vonage Debt Refi On Hold

Barron's reports that Vonage's attempt at re-financing its $256M in debt has been delayed. Vonage says that due diligence takes time in this uncertain market (or when the company is shaky as heck!). Vonage has a private investor willing to give it $215M in financing to help pay off $253M in convertible notes (?) due this December.

No comments: