Monday, December 1, 2008

Hawaiian Telcom files for bankruptcy protection - Forbes.com

Hawaiian Telcom postponed a $26 million interest payment in November and was in the midst of a 30-day grace period, which ended Monday. Hawaiian Telecom is carrying more than $1 billion in debt, the result of financing that was arranged three years ago for the company's $1.6 billion sale to Carlyle Group, a private-equity firm based in Washington, D.C.
Hawaiian Telcom files for bankruptcy protection - Forbes.com
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