Integra Telecom, Inc. -- Moody's assigns ratings to Integra's new debt; outlook changed to positive

New York, February 06, 2013 -- Moody's Investors Service has assigned a B2 (LGD3-35%) rating to Integra Telecom, Inc.'s ("Integra" or "Company") proposed $555 million senior secured 1st lien term loan due 2019 and $60 million senior secured revolver due 2018 and a Caa2 (LGD5-87%) rating to the $225 million senior secured 2nd lien term loan due 2020. The net proceeds will be used to refinance Integra's existing senior secured term loan and $475 million of 10.75% senior secured notes. Moody's has also changed Integra's ratings outlook to positive from stable to reflect Moody's expectation that the company will be able to achieve sustainable year over year revenue growth within the next twelve months. As part of the rating action, Moody's has also affirmed Integra's B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR).

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