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ACT Teleconferencing Announces Proposed $14 Million Financing.

Publication: PR Newswire
Publication Date: 31-JAN-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
ACT Teleconferencing , an independent worldwide provider of audio, video and web-based conferencing products and services, today announced it has signed a term sheet with an investor for approximately $14 million.

The proposed $14,000,000 financing will facilitate the restructuring of the company's debt and support its global reorganization. Terms were not announced pending negotiation and approval of definitive agreements. The company's subordinated debt lenders have agreed to a timetable for...

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