dman Sachs Group Inc. is scheduled to complete a $500 million loan package today for Dallas-based Allegiance Telecom Inc., a competitive local-exchange carrier, or CLEC, that plans to more than double the markets it serves by the end of next year.

The deal attracted 26 banks, far exceeding expectations, Goldman executives said. It comes on the heels of a stock issue, co-led by Goldman and Citigroup Inc.'s Salomon Smith Barney unit, that raised over $660 million for Allegiance at the end of January.

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