EarthLink Discontinues Refinancing Efforts Due to Market Conditions
EarthLink (NASDAQ: ELNK) today announced that it is discontinuing its refinancing efforts at this time. Rolla P. Huff, EarthLink's Chairman and Chief Executive Officer, stated, "Current market conditions are not providing us the opportunity to refinance the ITC^DeltaCom Senior Secured Notes due 2016 in the economically attractive way that had been anticipated. While we will look for the opportunity to refinance this debt at another time, we continue to have the financial platform to support our business strategy and capitalize on the opportunities ahead."
About EarthLinkEarthLink, Inc. (NASDAQ: ELNK) is a leading IT services and communications provider to more than 150,000 businesses and one million consumers nationwide. EarthLink empowers customers with managed services including cloud computing, managed and private cloud, and virtualization services such as managed hosting and cloud workspace. EarthLink also offers a robust portfolio of IT security, application hosting, colocation and IT support services. The company operates an extensive network spanning 28,800 route fiber miles with 90 metro fiber rings and 4 secure data centers providing ubiquitous nationwide data and voice IP service coverage across more than 90 percent of the country. Founded in 1994, EarthLink's