Fannie-Freddie aid clears first vote (USA Today) The House on Wednesday approved compromise legislation to shore up mortgage giants Fannie Mae and Freddie Mac while helping hundreds of thousands of homeowners refinance into more affordable loans.
Vonage gets commitment for debt financing (The Star-Ledger) After months of negotiations, Vonage today said it has signed a commitment letter with a Greenwich, Conn. firm establishing the terms and conditions of up to $215 million in private debt financing to refinance debt that comes due at the end of the year.
Vonage Holdings Corp. Signs Commitment Letter to Refinance Debt (PR Newswire via Yahoo! Finance) Vonage Holdings Corp. , a leading provider of broadband telephone service, announced today it has entered into a commitment letter with Silver Point Finance, LLC establishing the terms and conditions for up to $215 million in private debt financing of which Silver Point has committed to provide $125 million.
