Airvana, HHI Come Back for Dividend Seconds

Kellerhals, Richard
March 2011
High Yield Report;3/14/2011, Vol. 22 Issue 11, p20
The article reports on the decision of Airvana Network Solutions and HHI Holdings to obtain more term debt to fund dividend payment. Reactions of investors on the Airvana term loan are presented along with information on the 420 million dollar term loan that Societe Generale and Macquarie Capital are shopping for the company. Previous loan put together by Jefferies and Macquarie is examined in light of the company's reliance on on3G network traffic as its sole revenue driver. Reason for the 325 million dollar term loan of HHI is explained.


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