Hawaiian Telcom to Refinance Existing $300M Senior Secured Credit Facility

Hawaiian Telcom Holdco, Inc. HCOM today announced plans to seek to refinance its existing $300 million senior secured credit facility. The proposed amended and restated credit facility would be used to refinance and extend the maturity of the Company's existing $300 million term loan, which matures February 28, 2017.  "The credit markets have improved and we believe conditions are again favorable for us to pursue refinancing of our existing credit facility under improved terms," said Eric K. Yeaman, Hawaiian Telcom's president and CEO. "In addition, we believe our full year 2012 and first quarter 2013 financial results demonstrate continued progress in executing our strategic plan and support seeking a refinancing at this time," concluded Yeaman. Forward-Looking Statements In addition to historical information, this release includes certain statements and predictions that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, any statement, projection or estimate that includes or references the words "plans to", "is expected to", "believes", "anticipates", "intends", or any similar expression falls within the safe harbor of forward-looking statements contained in the Reform Act. Actual results or outcomes may differ materially from those indicated or suggested by any such See full press release