Primus Borrows 130 Million Dollars

Does anyone know what’s going on with Primus, and why they need 130 million dollars? Are they expanding, paying off debts, or just trying to stay alive?

Dec 10 (Reuters) – Primus Telecommunications Holdings and Primus Telecommunications Canada on Thursday sold $130 million of senior secured notes in the 144a private placement market, said IFR, a Thomson Reuters service.

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