News Column

Quality One Wireless, LLC Reports $36.3 Million Loan Payoff

May 7, 2014

By a News Reporter-Staff News Editor at Telecommunications Weekly -- Quality One Wireless, a global leader in wireless distribution, announced that it has made the final payment on its $36.3 million secured note payable to CS Term lenders, which includes DLJ Investment Partners (the "DLJ Loan"). The DLJ Loan was a key component of Quality One's purchase price underlying its purchase of the assets of Personal Communications Devices, LLC ("PCD") on October 18, 2013.

"The payoff of the DLJ Loan is an important financial milestone related to our PCD acquisition," said Robert Staats, chief financial officer at Quality One. "This payoff reflects the hard work and dedication of our employees and management, and allows us to continue focusing on building our post-acquisition business."

Keywords for this news article include: Quality One Wireless LLC.

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Source: Telecommunications Weekly

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