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News Stories (25 Results) - Telecom

DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, established a new $725 million credit facility with which to finance its ongoing and future data center construction projects. The new... Read Story

April 11, 2024, 07:50 AM

Hunter Street Partners, a Minneapolis-based alternative investment management firm, and Five Crowns Credit Partners ("Five Crowns"), are increasing their capital commitment to TriStruX, a leading wireless infrastructure and telecommunication service... Read Story

November 25, 2020, 08:39 AM

Vector Capital, a private equity firm specializing in transformational investments in established technology businesses, announced that it has provided a $100 million second lien term loan to support the Permira Funds’ acquisition of Synamedia from... Read Story

October 30, 2018, 07:15 AM

Webster Bank's Sponsor & Specialty Group acted as the lead arranger and sole bookrunner on $210 million in senior secured credit facilities enabling AMP Capital to purchase a majority ownership stake in Everstream Solutions, a U.S. network service... Read Story

October 01, 2018, 08:16 AM

Sonim Technologies, maker of rugged cell phones, announced it has raised $37 million in capital from B. Riley Financial, Inc., a diversified financial services company, through its operating subsidiaries B. Riley FBR, Inc. and B. Riley Principal... Read Story

December 06, 2017, 07:06 AM

Discovery Communications, a wholly owned subsidiary of Discovery Communications, Inc., the lenders from time to time party thereto and Bank of America, N.A., as administrative agent, entered into the Amendment No. 1 to Amended and Restated Credit... Read Story

August 15, 2017, 08:30 AM

CIT Group Inc. announced that CIT Communications & Technology Finance provided a $20 million delayed-draw term loan (DDTL) to CTI Towers, a wireless tower company. CTI Towers owns 208 towers and manages the Comcast Cable portfolio of 435 towers. The... Read Story

July 14, 2017, 07:34 AM

Square 1 Bank, a division of Pacific Western Bank, announced that it has provided a credit facility to new client LiveSafe, a leading mobile safety communications platform. Proceeds from the facility will support sales-related initiatives and... Read Story

June 28, 2017, 07:00 AM

Mitel, a provider of business communications, announced that it has closed a new credit facility that includes significantly improved terms as well as greatly enhanced capacity and flexibility to capitalize on the rapidly changing unified... Read Story

March 10, 2017, 07:18 AM

Capitala Group, a provider of capital to lower and traditional middle market companies, announced it recently invested $23.0 million in Xirgo Technologies, Inc. (“Xirgo” or the “Company”). Xirgo is a leading provider of wireless telematics modules... Read Story

December 06, 2016, 07:12 AM

Telesat Canada issued U.S.$500.0 million in aggregate principal amount of 8.875% senior notes due 2024, which mature on November 17, 2024. Concurrently, Telesat announced its entry into a new amended and restated credit agreement. The new amended and... Read Story

November 21, 2016, 07:37 AM

Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., announced it has closed on a $321 million asset-backed securities offering led by Deutsche Bank Securities and Barclays. The issuance, which... Read Story

June 22, 2016, 07:41 AM

CIT Communications & Technology Finance served as solelead arranger and administrative agent for a $325 million senior secured credit facility provided to Mobilitie LLC, the nation’s largest privately-held wireless infrastructure provider. The... Read Story

November 18, 2015, 07:43 AM

CIT Communications & Technology Finance served as sole lead arranger and administrative agent in a senior secured credit facility to Central States Tower (CST), a leading middle-market operator and developer of wireless communications towers and a... Read Story

October 08, 2015, 07:47 AM

GTT Communications, Inc., a leading global cloud networking provider to multinational clients, announced a definitive agreement to acquire One Source Networks (OSN), a provider of global data, Internet, Session Initiation Protocol (SIP) trunking and... Read Story

September 15, 2015, 07:36 AM

LICT Corporation announced its wholly-owned subsidiary, Brighton Communications Corporation, has obtained a $30 million revolving credit facility from CoBank, ACB.  The facility matures on December 30, 2017 and replaces LICT's current $25 million... Read Story

January 05, 2015, 08:13 AM

Towerstream Corporation announced the closing of a $35 million debt capital transaction with affiliates of Melody Capital Partners, a New York City based private investment firm and one of the largest independent owners of wireless cellular sites in... Read Story

October 20, 2014, 07:44 AM

Pamlico Capital and the management team of Clarity Telecom have closed the previously announced acquisition of broadband assets in South Dakota, Minnesota and Iowa from WOW! Internet, Cable & Phone (“WOW!”). The Clarity team will transition the... Read Story

October 07, 2014, 07:15 AM

Pamlico Capital and the management team of Clarity Telecom (“Clarity”) announced that they have entered into a definitive agreement to purchase broadband assets in Rapid City and Sioux Falls, South Dakota from WOW! Internet, Cable & Phone (“WOW!”).... Read Story

June 13, 2014, 07:18 AM

Consolidated Communications Holdings, Inc. completed a refinancing of its secured term debt resulting in an extension of maturities and significant interest savings. Wells Fargo Securities, LLC was the left lead arranger and bookrunner. Morgan... Read Story

December 24, 2013, 07:36 AM

CIT Group Inc. announced that CIT Corporate Finance provided a $35 million senior secured credit facility to Central States Tower II, LLC (CST II), a leading independent operator and developer of wireless communications towers and portfolio company... Read Story

November 07, 2013, 07:51 AM

HickoryTech Corporation, doing business as Enventis, announced today the closing of its debt refinancing agreement for an aggregate credit facility of $165 million. The amended credit facility offers HickoryTech access to extended financing through... Read Story

October 31, 2013, 07:59 AM

General Cable Corporation has amended its existing $700 million asset-based revolving credit facility increasing the size up to $1.0 billion and extending its maturity date to 2018. The amendment provides a $300 million increase to the Senior Secured... Read Story

September 10, 2013, 07:29 AM

UniTek Global Services, a provider of permanently outsourced infrastructure services to the telecommunications, broadband cable, wireless, transportation, public safety and satellite television industries, has received a commitment letter from Apollo... Read Story

July 03, 2013, 07:38 AM

TeleCommunication Systems, together with several of its domestic subsidiaries (collectively, the Borrowers), have closed on a new credit agreement dated June 25, 2013. Silicon Valley Bank  is the administrative agent, co-lead arranger and joint... Read Story

June 27, 2013, 07:53 AM