An economic slow down will hit some companies harder than others, and one company that could be in trouble is Vonage. According to intelligence firm Telecom Web (also see discussion in our forums), the $253 million in survival loans Vonage thought they had secured back in July isn’t a sure thing, and for the third time, the VoIP carrier extended the tender offer for its outstanding loans needed to close on the new loans. “Those outstanding loans are due on Dec. 16, and if Vonage can t pay them off, the company will in all likelihood be forced into bankruptcy,” claims the firm. Obviously loan terms are even stiffer now, meaning Vonage’s survival is even more unsure.
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Is Vonage’s Goose Cooked? - Still struggling to get new loans, bankruptcy could loom
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