Latest Mdu Communications International Inc (MDTV)
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Main Street Announces Senior Secured Credit Facility for New Portfolio Investment
PR Newswire - Tue Oct 29, 6:00AM CDT
Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it recently led the syndication of a $50.0 million first lien, senior secured credit facility (the "Facility") for AM3 Pinnacle Corporation ("AM3 Pinnacle"). Main Street's participation in the Facility was $22.5 million. In conjunction with its investment in the Facility, Main Street previously completed a $2.0 million equity investment in AM3 Pinnacle. The proceeds of the Facility and Main Street's equity investment supported AM3 Pinnacle's acquisition of certain assets from MDU Communications International, Inc. and provided additional working capital to the company.
Multiband Extends Debt Maturity Dates, Terms to Acquire MDU Communications Amended
PR Newswire - Mon Jan 07, 7:30AM CST
Multiband Corporation, (NASDAQ:MBND), a leading Home Service Provider (HSP) for DIRECTV and the nation's largest DIRECTV Master System Operator (MSO) for Multiple Dwelling Units (MDU's), announced today that it has extended the maturity dates of the debt agreements with its secured lenders and has reached an agreement in principal with MDU Communications International, Inc. ("MDUC") to revise certain terms of the definitive agreement covering Multiband's acquisition of MDUC.