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May 31, 2016

PMCM, LLC, a Phoenix Capital Resources® affiliate, to Market the Assets of AF-Southeast, LLC, for Sale to a Third Party Pursuant to Bankruptcy Court Approval

Philadelphia, PA (May 31, 2016) —- On May 13, 2016, the U.S. Bankruptcy Court, District of Delaware, authorized the retention of PMCM, LLC to provide Michael E. Jacoby as Chief Restructuring Officer, and to coordinate efforts and market the assets of AF-Southeast, LLC, Allied Fiber – Georgia, LLC, and Allied Fiber – Florida, LLC (collectively the “Company”), pursuant to section 363 of the U.S. Bankruptcy Code. The Company filed for protection under Chapter 11 of the U.S. Bankruptcy code on April 20, 2016 (Case No. 16-11008 (KG)), and any sale is subject to Bankruptcy Court approval. The bid deadline is July 7, 2016, and the auction will be held on July 12, 2016.

The Company provides next generation long-haul and short-haul fiber optic solutions with integrated neutral colocation services for domestic and global network operators. The Company’s network spans 736 optical miles (270,672 fiber miles), connecting Miami, FL to Atlanta, GA via Jacksonville, FL. The network was constructed with the highest quality fiber, giving the fiber network a 25+ year expected useful life.

The completed dark fiber network connects its 11 colocation facilities, spaced approximately 60 miles apart, via short-haul fibers designed to improve network control and performance while reducing network latency. Its long-haul connection points are located in Miami, Jacksonville, and Atlanta. Each of the state-of-the-art colocation facilities are approximately 1,200 sq. ft., feature backup power, energy efficiencies, 24/7 security, hurricane resistance, and are scalable to fit a diverse set of industry needs. The Company’s strategic placement of colocation facilities opens up the network to international capabilities by offering direct access to two new undersea cable landings in Jacksonville and four existing undersea cable landings in Boca Raton.

For more information on this opportunity, please contact Michael Jacoby at

About Phoenix:

For over 30 years, Phoenix has been effectively implementing operationally focused business solutions for middle-market companies across all economic situations. Our three service groups work together as stabilizing pillars to deliver creative solutions to unique business challenges. Phoenix Management Services® provides turnaround, crisis and interim management, specialized advisory and operational implementation services for both distressed and growth oriented companies. Phoenix Transaction Advisory Services® provides quality of earnings review, management/organizational review, business integration, sell-side business preparation and other transaction related support. Phoenix Capital Resources® provides special situation banking solutions including M&A advisory, private placements of debt and equity, and complex balance sheet restructurings. Phoenix Capital Resources is a U.S. registered broker-dealer and member of FINRA and SIPC. Proven. Results.®

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