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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Jefferies Finance Agents $325MM Credit Facility for Internap Corp.
Wednesday, April 12, 2017
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Lenders/Participants
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Jefferies Finance [Administrative Agent, Collateral Agent, Documentation Agent, Book Manager, Swing Line Lender]
PNC Capital Markets [Joint Lead Arranger]
PNC Bank [Syndication Agent, Issuing Lender]
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Structure
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$25MM Revolver; $300MM Term Loan
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Amount
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$325.000
Million
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Borrower(s)
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Internap Corporation
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Description
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The credit agreement provides for a $300 million term loan facility and a $25 million revolving credit facility. In addition, the company may request incremental term loans and/or incremental revolving loan commitments in an aggregate amount not to exceed $50 million. Transaction details not disclosed. The new facility provides INAP with additional flexibility to support its long-term growth objectives, including less restrictive debt and interest coverage covenants. The First Lien Term Loan and Revolver will both be priced at Libor +700, and reflects a current Corporate Rating of B3 / B.
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Industry
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Telecom
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| Related Tags |
Jefferies Finance LLC, PNC Capital Markets
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ABL Advisor
Deal Tables
2025
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