Qwest Communications (Q) (formerly QWST) Message Board

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Technology Stocks : Qwest Communications (Q) (formerly QWST)

Q 83.37

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9:30 AM EST

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To: nic who wrote (605)	1/17/1998 12:14:00 AM
From: Jerry Miller	Read Replies (1) of 6846

...debt may have something to do with it not being a sure thing... Phoenix Network Obtains Additional Short-term Financing GOLDEN, Colo., Dec. 16 /PRNewswire/ -- Phoenix Network, Inc. (AMEX: PHX - news) announced today that it has reached an agreement with its principal lender, Foothill Capital Corporation, allowing Phoenix to borrow an additional $1.5 million immediately with an incremental $250,000 potentially available by the end of December. The new capital, which has been structured as a short-term bridge loan, will be used to retire a portion of Phoenix's working capital deficit. Copyrighted. ..."a short-term bridge" to what ? and whose gonna pay this back ?

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