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.
