WEST POINT, Ga. -- ITC^DeltaCom (Nasdaq: ITCD - News) today announced that, in light of current market conditions, it is withdrawing its previously announced private offering of senior notes to institutional investors. "We initiated this transaction for the purpose of opportunistically refinancing our indebtedness with a combination of floating rate and fixed rate senior notes," commented Doug Shumate, ITC^DeltaCom's Chief Financial Officer. "However, generally weaker market conditions and a stronger preference among investors for fixed rate notes made the refinancing unattractive at this time."
ITC^DeltaCom Inc.