Senior Credit Facility
FDN Comminications
$40M Senior Credit Facility
GATX Capital Corporation, Chicago IL
December 1998
Startup FDN was able to leverage its $25M equity commitment and secure an asset backed senior credit facility with GATX Capital Corporation , a leader in the lending space at that time. GATX was eventually financed out of the FDN capital structure in future fundraising rounds.
Senior Credit Facility
Fleet Bank Securities
CIT Corporation
First Union Capital
BNP Paribas
FDN Communications
$80M Senior Credit Facility
Fleet Bank Securities
CIT Corporation
First Union Capital
BNP Paribas
April 2011
FDN secured a new senior credit agreement to facilitate its growth. This debt was eventually consensually restructured as part of the FDN recapitalization in 2002.
$40M Senior Credit Facility
GATX Capital Corporation, Chicago IL
December 1998
Startup FDN was able to leverage its $25M equity commitment and secure an asset backed senior credit facility with , a leader in the lending space at that time. GATX was eventually financed out of the FDN capital structure in future fundraising rounds.
$80M Senior Credit Facility
Fleet Bank Securities
CIT Corporation
First Union Capital
BNP Paribas
April 2011
FDN secured a new senior credit agreement to facilitate its growth. This debt was eventually consensually restructured as part of the FDN recapitalization in 2002.
Senior Credit Facility
FDN Comminications
$50M Senior Credit Facility
Morgan Stanley Senior Lending
November 2004
FDN secured a senior credit facility in order to facilitate a dividend payment of approx. $75M to its shareholders.
Senior Credit Facility
Goldman Sachs
Wachovia Bank
Nuvox Communications
$265M Senior Credit Facility
Goldman Sachs
Wachovia Bank
May 2007
Nuvox Communications was able to secure a $265M senior credit facility to finance its acquisition of FDN Communications. Net leverage was approximately 2.5X EBITDA and the loan was refinanced as part of the eventual Nuvox sale to Windstream in 2010. (article)