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.

Tags: Primus long distance, Primus Telecommunications

This entry was posted on Friday, December 11th, 2009 at 4:57 pm and is filed under Long Distance News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.