Hawaiian Telcom Communications, Inc. Announces Notes Offering

Honolulu, HI - Hawaiian Telcom Communications, Inc. today announced that it has launched an offering of its senior floating rate notes due 2013, senior fixed rate notes due 2013, and senior subordinated notes due 2015, which it expects will yield gross proceeds of $550.0 million. The notes are being sold to qualified institutional buyers under Rule 144A and outside the United States in compliance with Regulation S under the Securities Act of 1933, as amended. The net proceeds of the offering will be used to fund a portion of the purchase price for, and certain fees and expenses related to, The Carlyle Group’s acquisition of the local exchange carrier business, directories business, and long distance and Internet service business of Verizon Communications, Inc. in the State of Hawaii.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The notes being sold by Hawaiian Telcom Communications, Inc. will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The notes are being offered only to qualified institutional buyers under Rule 144A and outside the United States in compliance with Regulation S under the Securities Act.

Forward-Looking Statements

Certain statements in this press release are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include Hawaiian Telcom Communications, Inc.’s intention to raise proceeds through this offering of notes, the intended use of proceeds and the anticipated amount of the proceeds. There can be no assurance that the transactions mentioned in this press release will be completed on the anticipated terms or at all.

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