November 19, 2015
Denver, CO - November 19, 2015 - W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, CO, announced today that it acted as financial advisor to Utility Telephone, Inc. in connection with raising $4.5 million in subordinated debt financing from Central Valley Fund, an institutional debt investor located in Davis, CA. The financing will be used to refinance existing debt, acquire another company and for working capital purposes.
About Utility Telephone, Inc.
Utility Telephone Inc., based in Stockton, CA, is a premier voice and data services company serving business customers principally in California and Nevada via a facilities-based voice and data network.
About W.G. Nielsen & Co.
W.G. Nielsen & Co. is one of the Rocky Mountain region's premier FINRA-registered investment banking firms, specializing in mergers and acquisitions and innovative capital solutions. Founded in 1996, Denver-based W.G. Nielsen & Co. is the oldest independently owned investment banking firm in the region. The firm differentiates itself with a staff of senior investment bankers who have broad experience and important relationships in their areas of expertise. The firm's bankers have collectively closed hundreds of transactions throughout the United States and internationally.