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BMO, Royal Bank of Canada Provide $75MM Credit Facility to Tucows

August 19, 2016, 07:34 AM
Filed Under: Technology

Tucows Inc. announced that it has entered into a new, syndicated five-year secured credit agreement for up to $75 million, inclusive of a $15 million accordion facility (the "2016 Credit Facility"), with Bank of Montreal ("BMO") and Royal Bank of Canada (collectively, the "Lenders"). The 2016 Credit Facility will be used to support share repurchases, acquisitions and capital expenditures associated with the company's Fiber-to-the-Home program, as well as general working capital and general corporate requirements.

Tucows is a provider of network access, domain names and other Internet services. Ting delivers mobile phone service and fixed Internet access with outstanding customer support. OpenSRS manages nearly 15 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs.

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