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Madison River to repay some term debt with IPO proceeds
By Sara Rosenberg
New York, Oct. 17 - Madison River Communications Corp. plans to repay about $85 million of its term loan debt using proceeds from a proposed initial public offering of common stock, according to an S-1 filed with the Securities and Exchange Commission Tuesday.
Madison River is a Mebane, N.C., operator of rural local telephone companies.
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