Date Closed

December 22, 2009

Lead Office

Toronto

Value

130.00 Million USD

On December 22, 2009, Primus Telecommunications Group, Incorporated (“Primus”) closed an offering by its wholly-owned subsidiaries, Primus Telecommunications Holding, Inc. (the “U.S. Issuer”) and Primus Telecommunications Canada Inc. (the “Canadian Issuer”) of 130,000 units (the “Units”). Each Unit consists of US$653.85 principal amount of 13% Senior Secured Notes due 2016 issued by the U.S. Issuer and US$346.15 principal amount of 13% Senior Secured Notes due 2016 issued by the Canadian Issuer. The Units were offered within the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933 (the “Securities Act”) and outside the United States only to non-U.S. investors in accordance with Regulation S under the Securities Act and other applicable laws.

McCarthy Tétrault LLP advised the agents with a team led by Andrew Parker.