Monday, August 21, 2006

WildBlue Gets $350M

Denver, Colorado-based WildBlue Communications has received $350M in debt financing from Liberty Media and private equity firm Tennenbaum Capital Partners. WildBlue said that the company would use the funding to grow its broadband business, which provides broadband via satellite to homes and small businesses. WildBlue has been targeting people and busineses in rural areas who are not being served by terrestrial broadband providers. Of the $350M, $170 is being used to provide additional financing for the company, and the remainder refinances shareholder financing the company secured in January.