Xtera Communications Secures $25,000,000 New Funding Round

  • Feed Type
  • Date
    11/13/2015
  • Company Name
    Xtera Communications
  • Mailing Address
    500 W. Bethany Dr. Allen, TX 75013 USA
  • Company Description
    Xtera Communications (NASDAQ: XCOM) makes long-haul fiber-optic transmission equipment used for both terrestrial and undersea transport. Its Nu-Wave systems increase the bandwidth capability of fiber-optic strands, making converged voice and data communications possible. The company serves wholesale carriers and service providers such as FLAG Telecom.
  • Website
    http://www.xtera.com
  • Transaction Type
    IPO
  • Transaction Amount
    $25,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    We intend to use the net proceeds from this offering for working capital and other general corporate purposes, including to finance our expected growth, develop new products or fund capital expenditures. We may also use a portion of the net proceeds to repay borrowings under our credit facility or term loan, or to expand our existing business through acquisitions of other businesses, products or technologies. However, we do not have agreements or commitments for any specific repayments or acquisitions at this time. See the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Debt and Other Obligations” for a description of our term loan and credit facility, which we may choose to repay with the net proceeds of this offering.
  • M&A Terms

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