BROOKS FIBER PROPERTIES ANNOUNCES COMPLETION OF $250 MILLION PRIVATE DEBT PLACEMENT.ST. LOUIS--(BUSINESS WIRE)--May 30, 1997--Brooks Fiber Properties, Inc. (Nasdaq/NM:BFPT BFPT barrier-free proton transfer BFPT Brooks Fiber Properties, Inc. (stock symbol) BFPT boiler feed pump turbine BFPT Brouwer Fixed Point Theorem BFPT Bundesdeutsche Fachtagung für Plasmatechnologie BFPT Braque Francais de Petite Taille ), a nationwide provider of competitive local telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. , today announced the completion of a $250 million private placement of senior notes. The notes will pay interest semiannually on June 1 and December 1 at a rate of 10% with a final maturity date of June 1, 2007. Goldman, Sachs & Co., Salomon Brothers
Salomon Brothers was a Wall Street investment bank. Inc, and Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co. acted as placement agents for the transaction which closed May 29, 1997. Commenting on the transaction, James C. Allen James Cameron Allen (January 29, 1822 - January 30, 1912) was a U.S. Representative from Illinois. Born in Shelby County, Kentucky, Allen attended the public schools. He moved to Indiana in 1830. He studied law. , Brooks Fiber Properties' chief executive officer, commented, "We are very pleased with the favorable response this offering has received in the marketplace. This financing, in conjunction with a planned bank credit facility currently being discussed with several financial institutions, will fully fund the Company's known capital needs in our current 44 markets." Brooks Fiber Properties, Inc., headquartered in St. Louis, Missouri, is a leading full service provider of competitive local telecommunications services in cities across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . With networks operational or under construction in 44 U.S. cities, the company provides its customers with advanced and reliable high- capacity voice, video, data and other enhanced telecommunications services. You can now receive fax copies of recent Brooks Fiber news releases 24 hours a day by calling 1-888-329-2304 and or visit Brooks Fiber on the Internet at www.Brooks.net CONTACT: Brooks Fiber Properties, Inc., St. Louis Waymon R. Tipton, 800/799-8914, ext. 313 |
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