USOL Holdings Inc.4/01/2001 8:00 PM Eastern
AUSTIN, TEXAS - USOL Holdings Inc., parent of US Online, a provider of cable and telephony services to multiple-dwelling units, obtained an amended credit agreement from its senior lenders, giving the company greater access to a previously arranged $35-million credit facility.
According to USOL Holdings, BNP Paribas, Deutsche Bank AG and Coast Business Credit agreed to amend the earlier agreement, increasing USOL's borrowing limits by about $2.8 million to $14.5 million. USOL said the amendment also allows it to increase the amount it can allocate for capital expenditures on a per-subscriber basis.
US Online provides local and long-distance telephony, cable television and high-speed data services to MDUs in Austin, Tex., Dallas/Fort Worth, Denver, Houston, San Antonio, Washington and Portland, Ore.