New York, June 12, 2014 -- Moody's Investors Service has assigned a B3 Corporate Family Rating (CFR) and Caa1-PD Probability of Default Rating (PDR) to Birch Communications, Inc. ("Birch" or "the company"). Moody's has also assigned B3 (LGD3-35%) ratings to the company's proposed $500 million senior secured 1st lien credit facilities which consist of a $450 million term loan due 2020 and a $50 million revolver due 2019. The proceeds from the new term loan will be used to refinance existing debt at Birch and fund the acquisition of Cbeyond, Inc., a telecom provider based in Atlanta, GA. The ratings are contingent upon Moody's review of final documentation and no material change in the terms and conditions of the debt as advised to Moody's. The outlook is stable.

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