Articles from Metro Communications

MCC Network Services, LLC (“Metro Communications” or the “Company”), a leading regional provider of fiber optic network to Enterprise, Carrier, Small Business and Consumer customers, has announced a definitive agreement to acquire the Southern Illinois assets of Clearwave Fiber, LLC. The deal includes Clearwave’s Southern Illinois fiber network and related backhaul agreements from CableOne, Inc. Constructed over 15 years, Clearwave’s network supports backhaul, public safety, education, and other critical services in Southern Illinois, and the acquisition also adds its expanding FTTH residential business across multiple communities

MCC Network Services, LLC (“Metro Communications” or the “Company”) today announced that a newly formed, limited-purpose, bankruptcy remote, wholly-owned subsidiary of the Company, Metro Communications Issuer LLC (the “Issuer”), has closed on a new $247 million offering of secured fiber network revenue term notes with an anticipated repayment term of five years (collectively, the “Notes”). The Notes will be secured by fiber network assets and customer agreements. Proceeds from the offering of the Notes will be used to repay existing parent indebtedness, pay transaction fees and expenses, fund the reserve accounts and for general corporate purposes.