Hungarian Telephone and Cable Corp. announces waiver under senior credit facilities agreement
Hungarian Telephone and Cable Corp. announced today that it has obtained a waiver under its senior credit facilities agreement dated August 6, 2004, as amended, permitting a corporate reorganization to effectively change HTCC's place of incorporation from Delaware to Denmark, as approved by HTCC's Board of Directors on November 27, 2008.
Hawaiian Telcom filed for voluntary bankruptcy protection early this morning after it was unable to reach an 11th-hour deal with its creditors.