WEST POINT,ITC DeltaCom, which recently completed its merger with BTI of Raleigh, plans to raise $300 million through the sale of notes that would come due in 2010 and 2011.
Interest rates, offering prices and other terms have not been determined, the company said in a statement.
Proceeds will be used to repay or refinance $281 million of existing debt, to generate working capital, and for other corporate purposes, the company added.
ITC DeltaCom trades on Nasdaq (ITCD).
