EarthLink pays down $35 million senior secured revolver in quarter

By Susanna Moon

Chicago, May 4 – EarthLink Holdings Corp. repaid the $35 million outstanding under its senior secured revolving credit facility in the quarter ended March 31, according to a 10-Q filing with the Securities and Exchange Commission.

As of March 31, the company had no debt left outstanding under its revolver.

The company said it also repurchased $7 million principal amount of its 8 7/8% senior notes due 2019 in the open market for $7 million, plus accrued interest in the three months ended March 31.

EarthLink is an Atlanta-based IT services and communications provider.

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