NEW YORK, July 23 /PRNewswire/ -- Ladenburg Thalmann & Co. Inc.'s High Yield Division initiated coverage of Metromedia Fiber Network's MFNX high-yield debt with a STRONG BUY recommendation on July 17, 2001.
MFNX has two 10% senior note issues maturing in 2008 ($650MM) and 2009 ($750MM). Both issues are rated B2/B+ and are on the downward rating revision lists of Moody's and S&P.
Based in the New York metropolitan area, Metromedia Fiber Network is a leading non-carrier provider of metropolitan area fiber. Through its AboveNet and SiteSmith subsidiaries, MFNX is also engaged in connectivity, complex hosting, co-location and managed network services.
Founded in 1876 and a NYSE member since 1879, Ladenburg Thalmann is a full service investment bank and brokerage firm based in New York City, with regional offices in Los Angeles, California; Boca Raton, Florida; Cleveland, Ohio; Las Vegas, Nevada; and Great Neck, New York. The High Yield Securities division specializes in the research, trading and sales of high yield and distressed securities for institutional and high net worth investors.
For a copy of this recent report, telephone Mr. Neil Dabney in the High Yield Securities Division at (310) 444-9135 or (888) 838-6650.
This is neither an offer to sell nor a solicitation of an offer to buy any of these |
