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Net Access Expands U.S. Bank Secured Credit Facility by $9MM

August 27, 2014, 07:34 AM
Filed Under: Technology

Net Access expanded its senior secured credit facility with U.S. Bank National Association by an additional $9 million which includes a $5 million increase to their revolving line of credit. The company will use a portion of the facility to refinance an existing $5 million of mezzanine debt, while also providing the company increased flexibility to better support its growth objectives.

"We are extremely pleased with the new expanded credit facility with U.S. Bank", stated Aaron Pullin, Vice President of Finance of Net Access. "We are in the process of building out our Parsippany II datacenter by an incremental 70,000 sq. ft. and the access to additional capital allows us to invest aggressively to support our sales activities. U.S. Bank was able to act quickly and effectively to meet our needs."

Net Access is an industry leading provider of data center services delivering secure, reliable, and flexible colocation, cloud, network, and managed solutions to IT intensive businesses. Founded in 1995, Net Access' interconnected SSAE 16 audited and PCI DSS compliant data centers allow its customers to focus on their core strengths, without the need to operate the underlying infrastructure.

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