WASHINGTON-FaciliCom International, a provider of wholesale international telecom services, announced that it completed a $300 million offering of senior notes. The notes will mature on Jan. 15, 2008, and interest on the notes will accrue at the rate of 10.5 percent per annum and will be payable semi-annually, said FaciliCom.
FaciliCom plans to use the proceeds to finance network expansion, including purchasing international gateway switching facilities and digital fiber-optic transmission capacity. The offering was lead managed by Lehman Brothers.
