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[BANCO INBURSA S.A. LETTERHEAD]
Exhibit 10.7
January 17, 2001
Allen Craft
CFO
Prodigy Communications Corporation
Dear Allen:
Hereby we notify you that Banco Inbursa has approved the extension of the line
of credit that Prodigy Communications Corporation has available, under the
following terms and conditions:
Borrower: Prodigy Communications Corporation
Amount: $150,000,000.00 (One Hundred and Fifty Million dollars)
Maturity: June 15, 2002
Rate: Determined case by case under Market Conditions.
Terms of Borrowing: Borrower may borrow, repay and reborrow.
Purpose of the Loan: Working capital and general corporate needs
This line of credit will be the only line available for Prodigy Communications
Corporation as it is an extension of the actual one.
Best Regards
/s/ Luis Frias Humphrey
Luis Frias Humphrey
VP International