August 17, 2007 | Email This Article | Print This Article
Clearwire closes $1billion term loan
KIRKLAND (WiMAX Day). Clearwire Corp announced that it has closed the final tranche of a US$1 billion senior secured term loan that was first closed in July. The transaction was lead by Morgan Stanley, Merrill Lynch, JP Morgan and Citigroup. Clearwire said it will use the proceeds from the loan to re-finance existing debt and support its plans for expansion.
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