ATX Communications Inc. on Thursday said it filed for bankruptcy court protection as part of a previously announced plan to restructure the company.
The reorganization process is not expected to affect ATX’s customers or operations, the Pennsylvania-based company said.
ATX said it has secured debtor-in-possession financing from diversified holding company Leucadia National Corp., which previously purchased ATX’s $156 million senior secured debt.
ATX provides communications services to homes and businesses in the mid-Atlantic and Midwest regions.
