Vonage ( News - Alert ) today announced an agreement for a $220.3 million financing which is seen by many experts as crucial to its survival. Silver Point Finance LLC, which already holds a $216 million financing stake in Vonage, will lead the financial deal, which consists of $130.3 million in senior secured first-lien credit, $72.0 million in senior secured second-lien credit and the sale of $18.0 million of convertible secured third-lien notes.
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Remember the old joke: I have good newsэand bad news. Which do you want to hear first? Whether or not the answer is funny really depends on where you are in the marketplace.
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HomeFederal DriveDaily DebriefMike CauseyMike's Federal Report Your Turn with Mike CauseyOpen Season ReportFor Your BenefitNewsstandOnly on WFEDGovernmentU.S.
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Voice-Over-IP service allows to transmit voice through Internet. That means you can not just use internet connections to make PC to phone and VOIP phone calls at low rates, but even make free VOIP calls.