Centennial Communications mandatorily repays $52.5 million of bank debt with cash flow

By Sara Rosenberg

New York, Oct. 13 - Centennial Communications Corp. made a $52.5 million mandatory excess cash flow payment under its senior secured credit facility, according to a 10-Q filed with the Securities and Exchange Commission on Tuesday.

The repayment was made on Sept. 3.

Following the repayment, the principal balance of the term loan was reduced to $497.5 million.

Centennial is a Wall, N.J.-based provider of wireless and broadband telecommunications services.

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