Vonage Clinches Refinancing Deal

After months of effort, Vonage Holdings Corp. (VG) has secured a deal to refinance $220.3 million worth of debt.

That still leaves about $33 million to be refinanced. Vonage said it’ll use proceeds from its lien agreements with Silver Point Finance LLC to do that.

Wall Street didn’t jump for joy at the news. Vonage stocks were trading at 80 cents in mid-morning activity, down 2.44 percent and a far cry from the 2006 IPO price of $17.