Rich May: News

September 2007

Rich May Client RNK Telecom obtains bank financing

Rich May client RNK Telecom has entered into credit facilities with Sovereign Bank totaling nearly $8 million. The Bank has agreed to provide four separate credit facilities: a Senior Secured Revolving Credit Facility for up to $2 million; two Senior Secured Term Loan Facilities of $1,300,000 each; and a Senior Secured Equipment Line of Credit for up to $3,000,000.

Rich May, a Professional Corporation, a Boston business law firm, represented RNK Telecom in this transaction. Eric J. Krathwohl and Robert P. Tedesco led the Rich May team on this engagement.

About RNK

RNK Inc., founded in 1992 and doing business as RNK Telecom, is a global telecommunications services provider headquartered in Dedham, Massachusetts. Through its unmatched operational efficiency, industry expertise and technical innovation, RNK Telecom delivers superior products and profit margins to broadband providers, carriers and retail distributors worldwide.

For more information, visit www.rnktel.com.

About Rich May

Rich May’s diverse practice embraces the organization and operation of business ventures, venture capital, private placements, hedge funds, public offerings, technology licensing, mergers and acquisitions, contracts, joint ventures, internet and e-commerce law, employee relations, intellectual property, litigation and dispute resolution, energy, telecommunications, public utilities, wealth planning and real estate. Rich May provides superior legal and strategic counsel through its extraordinary commitment to clients’ success, outstanding professional competence and straightforward ability to communicate. Rich May embraces an entrepreneurial spirit and maintains a mission execution culture that distinguishes Rich May from other law firms.

Rich May combines the stability and experience of one of Boston’s oldest preeminent law firms with the innovative spirit and energy of a venture catalyst intensely focused on serving high-tech entrepreneurs, emerging companies and investors in New England and throughout the United States.

For more information, visit www.richmaylaw.com.