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Short Take: IXC completes $310 million in financing

IXC Communications, a telecommunications carrier which is being acquired by Cincinnati Bell, has completed $310 million in financing. IXC also amended its credit facility with Bank of America to cover two secured revolving loans that are intended to finance the company through the close of the merger. The merger with Cincinnati Bell is expected to close during the fourth quarter of 1999.

    IXC Communications, a telecommunications carrier which is being acquired by Cincinnati Bell, has completed $310 million in financing. IXC also amended its credit facility with Bank of America to cover two secured revolving loans that are intended to finance the company through the close of the merger. The merger with Cincinnati Bell is expected to close during the fourth quarter of 1999.