Hawaiian Telcom Announces Successful Execution of $300M Debt Refinancing

Hawaiian Telcom Holdco, Inc. (Nasdaq: HCOM) announced today the closing of the refinancing of its existing senior secured credit facility. In connection with the refinancing, the Company entered into a new $300 million senior secured credit facility maturing February 28, 2017. Pricing on the new term loan was set at LIBOR plus 5.75 percent with a LIBOR minimum of 1.25 percent, and sold at $98.5 per $100 of principal amount.