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News Stories (67 Results) - Telecom

First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $35 million revolving line of credit to Network Wireless Solutions, a provider of cable solutions and distributor of... Read Story

June 19, 2024, 07:46 AM

Gateway Fiber, a leading fiber-to-the-home internet provider, closed a senior secured debt facility, providing additional funding for the provider to continue expanding its growing network.Exceeding its initial fundraising target, Gateway raised $175... Read Story

May 30, 2024, 07:51 AM

Eclipse Business Capital (“EBC”) provided a $15 million senior secured ABL credit facility to a connector and cable manufacturer that primarily serves the telecommunications industy.  The credit facility is secured by accounts receivable and... Read Story

March 25, 2024, 07:55 AM

Connext Networks, a Utah fiber infrastructure provider serving business and retail internet customers, announced the successful completion of a $70 million credit facility, including a $50 million accordion, arranged by Woodforest National Bank.... Read Story

December 21, 2023, 07:39 AM

Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support the add-on acquisition by Artemis for Maury Microwave of Wireless Telecom Group. Additionally, Abacus Finance Group made an equity... Read Story

September 12, 2023, 07:33 AM

White Oak Commercial Finance, an affiliate of White Oak Global Advisors provided a $20 million factoring facility to a leading telecommunications company. The facility will allow the company to continue its growth and its supplying of tablets and... Read Story

August 09, 2023, 07:58 AM

LSQ originated a $7.5 million credit facility for a Florida-based telecom field services firm. The company will use the additional working capital to support current operations and growth.As part of the partnership, LSQ will also provide the company... Read Story

April 25, 2023, 06:00 AM

SurgePays, Inc., a technology and telecommunications company focused on the underbanked and underserved, closed on a $25 million senior secured credit facility from Affordable Connectivity Financing V LLC (“ACF V”) – a wholly-owned subsidiary of... Read Story

November 21, 2022, 07:30 AM

BHI announced that its Consumer & Industrial Group has provided $18.35 million in financing for Allstate Sales Group (ASG), a provider of telecom and electric infrastructure engineering, design and construction services.  The financing consists of a... Read Story

July 15, 2022, 07:27 AM

Sinclair Broadcast Group announced that its wholly-owned subsidiary, Sinclair Television Group, Inc. (“STG”), entered into the Fourth Amendment (“Fourth Amendment”) to its Seventh Amended and Restated Credit Agreement, dated as of August 23, 2019, as... Read Story

April 25, 2022, 07:31 AM

King Trade Capital announced the completion of a $5 million purchase order finance facility for a Georgia-based telecommunication device supplier. The company reached out directly to King Trade Capital after being referred by a previous King Trade... Read Story

November 16, 2021, 07:45 AM

Strategic Venue Partners (SVP),closed a new Senior Secured Credit Facility with TD Securities as lead left arranger and bookrunner on the financing. The facility will be used to fund future wireless infrastructure development with new and existing... Read Story

February 12, 2021, 07:20 AM

White Oak Commercial Finance provided a $5 million receivables financing facility to a telecommunications and electrical contracting company that provides integrated voice and data cabling infrastructure solutions nationwide.The transaction was... Read Story

December 01, 2020, 08:30 AM

CIT Group announced that its Technology, Media and Telecommunications business has led an expansion of an existing credit facility to $400 million to support rapidly accelerating growth by Mobilitie Investments III LLC, a telecommunications... Read Story

October 15, 2020, 09:00 AM

T-Mobile USA, Inc., a wholly-owned subsidiary of T-Mobile US, Inc., increased the aggregate commitment under its revolving credit facility to $5.5 billion through an amendment to its Credit Agreement, dated as of April 1, 2020.According to a... Read Story

September 18, 2020, 08:00 AM

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance group provided an additional $4MM in factor-based credit facility funding to a Washington DC-based... Read Story

July 14, 2020, 08:50 AM

King Trade Capital announced an expanded finance relationship with an existing client in the telecom business.KTC has been providing a $9 million PO finance facility to allow the telecom clients to increase their sales to the two largest mobile... Read Story

June 20, 2019, 08:00 AM

Eleven issuers across eight different sectors defaulted on their loan debt in first quarter, for a total volume of $4.8 billion, according to the latest data from Thomson Reuters LPC.Telecom, technology and media default rates plunged to a multi-year... Read Story

April 23, 2019, 09:15 AM

Taking issue with a judge's ruling against the company in a dispute with bondholders, a defiant Windstream Holdings, Inc. announced that it and all of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S.... Read Story

February 26, 2019, 08:28 AM

Telecom CEOs are optimistic the climate for deals will remain favorable over the next three years, with nearly 75 percent indicating a high to moderate appetite for M&A activity, according to the 2018 KPMG Telecom CEO Outlook. “Although the number... Read Story

November 08, 2018, 07:39 AM

Capitala Group announced that it recently led a $45.0 million investment to support ITC Capital Partners in its acquisition of the BVU OptiNet fiber optic network by Sunset Digital Holding, LLC.  "We were excited to have led the financing for this... Read Story

September 27, 2018, 07:17 AM

King Trade Capital announced the completion of a $5,000,000.00 trade finance facility for a telecommunications equipment company with operations throughout the US and Canada. King Trade Capital was introduced to the client by an investment bank that... Read Story

July 18, 2018, 07:00 AM

United States Cellular Corporation entered into a $300,000,000 Credit Agreement by and among U.S. Cellular as Borrower, Toronto Dominion (Texas), LLC, as Administrative Agent, and the other lenders party thereto and identified therein. The Revolving... Read Story

May 17, 2018, 07:09 AM

Super G provided $1.15 million in acquisiton financing  to a publicly held provider of telecom & engineering services and solutions. The Company was seeking subordinated debt to help finance the acquisition of a telecom staffing company that would... Read Story

May 14, 2018, 07:09 AM

ZenFi Networks and Cross River Fiber announced the signing of a definitive merger agreement, which upon closing will create the leading communications infrastructure provider in the New York and New Jersey metro areas with more than 700 route miles... Read Story

April 25, 2018, 07:00 AM

Affiliates of Garrison Investment Group acted as the sole lead arranger and administrative agent on an $80 million senior secured term loan supporting QualTek USA, LLC’s acquisition of Velocitel, Inc.  No further details on the financing were made... Read Story

December 18, 2017, 07:11 AM

Sprint Communications, Inc., a wholly-owned subsidiary of Sprint Corporation, entered into a commitment letter with JPMorgan Chase Bank, N.A., Goldman Sachs Bank USA, Deutsche Bank Securities Inc., Deutsche Bank AG Cayman Islands Branch and Mizuho... Read Story

September 26, 2017, 07:14 AM

Avanti Communications Group announced that it has entered into a facility agreement with HPS1 which will provide a $100 million three-year super senior facility. The proceeds from the Super Senior Facility replaces an existing undrawn higher cost $50... Read Story

June 19, 2017, 07:13 AM

WideOpenWest, Inc. subsidiary WideOpenWest Finance, LLC has entered into a seventh amendment to its credit agreement with Credit Suisse AG, as administrative agent, JPMorgan Chase Bank, N.A., as the revolver agent, the company said.The Seventh... Read Story

June 05, 2017, 07:00 AM

Motorola Solutions, Inc. entered into a new revolving credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the several lenders and agents party thereto. The New Credit Agreement provides for a $2.2 billion revolving credit... Read Story

April 28, 2017, 07:19 AM

Internap Corporation, a provider of high-performance Internet infrastructure including Colocation, Cloud, and Network Services, announced that it closed on $325 million in new credit facilities to complete its senior secured debt refinancing in an... Read Story

April 11, 2017, 07:47 AM

Thermo Credit, LLC has provided a $2,000,000 asset-based loan to Civil Solutions Inc (CSI).The San Diego based company is a provider of turnkey network solutions specializing in cellular, microwave and broadband networks. The facility will be used by... Read Story

March 17, 2017, 07:13 AM

Alaska Communications Systems Holdings, Inc., as Borrower, Alaska Communications Systems Group, Inc., as Parent and subsidiaries of Alaska Communications, as guarantors, and ING Capital LLC, as administrative agent, entered into a new senior credit... Read Story

March 15, 2017, 07:06 AM

Eco-Site, Inc., a North Carolina-based wireless tower and densification solutions company, announced a $50 million investment from funds managed by Guggenheim Partners, with Guggenheim Corporate Funding, LLC acting as administrative agent and lead... Read Story

March 03, 2017, 07:20 AM

Millicom International Cellular S.A announced that it has entered into a five-year $600 million revolving credit facility with a group of international and regional banks.The successful syndication, which targeted new banks as well as existing... Read Story

January 30, 2017, 07:50 AM

Global Eagle Entertainment Inc., a worldwide provider of end-to-end connectivity and media to the airline, maritime and remote mobility markets, announced that it has refinanced its existing credit facilities with a new $500 million senior-secured... Read Story

January 09, 2017, 07:25 AM

Shaw Communications Inc. announced that it has amended the terms of its five-year $1.5 billion bank credit facility with its syndicate of ten financial institutions, including TD Securities as lead arranger and sole bookrunner, Canadian Imperial Bank... Read Story

December 19, 2016, 07:07 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

CenturyLink and Level 3 Communications, Inc. announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34... Read Story

October 31, 2016, 07:31 AM

Vertical Communications announced it has closed a $21.5 million financing package comprised of an asset-based facility and senior term facility provided by PNC Bank and Trinity Capital. Vertical will use the proceeds to strengthen its balance sheet... Read Story

July 15, 2016, 07:56 AM

EarthLink Holdings Corp. has refinanced its $135 million revolving credit facility which otherwise would have matured in May 2017.  The new amended and restated credit facility provides for a $125 million revolving credit facility and a $50 million... Read Story

July 05, 2016, 07:52 AM

TESSCO Technologies entered into a credit agreement that provides for a senior asset-based revolving credit facility of up to $35 million. The facility matures in five years, on June 24, 2021 and includes a $5.0 million sublimit for the issuance of... Read Story

June 30, 2016, 07:49 AM

Vonage Holdings, a provider of cloud communications services for businesses, has completed the acquisition of privately-held Nexmo for $230 million and closed on an expanded $450 million credit facility. San Francisco-based Nexmo provides application... Read Story

June 07, 2016, 07:56 AM

SSG Capital Advisors acted as the exclusive investment banker to ITG Communications, LLC ("ITG" or the "Company") in the placement of a financing package which enabled ITG to refinance existing indebtedness and generate additional liquidity for... Read Story

March 31, 2016, 07:38 AM

Siena Lending Group announced the completion of a three-year $6.7 million credit facility for ITG Communications, LLC (“ITG”) to refinance their existing senior debt and to support their continued growth. The facility included a $5 million asset... Read Story

March 08, 2016, 08:03 AM

Zayo Group, LLC , a subsidiary of Zayo Group Holdings, Inc.,  a global leader in communications infrastructure, has successfully completed the offering of a new $400 million term loan tranche under its existing credit agreement. The net proceeds were... Read Story

January 18, 2016, 08:05 AM

Coral Capital Solutions, a provider of financing solutions for the middle market, announced it is providing a $42 million factoring Facility to JNET Communications – a certified minority owned business that is a successful turnaround story.  Coral... Read Story

December 03, 2015, 07:22 AM

Alaska Communications closed the refinancing of its existing senior term loan on Sept. 14, 2015. Alaska Communications entered into $100 million of senior secured financing, including a $10 million revolving loan. Alaska Communications used proceeds... Read Story

September 15, 2015, 08:03 AM

Charter Communications announced that its subsidiary, CCO Safari III, LLC, entered into a $1.0 billion Term Loan H senior secured credit facility and a $2.8 billion Term Loan I senior secured credit facility, each pursuant to the terms of the Charter... Read Story

August 25, 2015, 07:06 AM

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced today that it has provided senior secured credit facilities totaling $7,500,000 to Decisive Communications, Inc. (“Decisive” or the “Company”).  Headquartered in... Read Story

August 11, 2015, 07:55 AM

Bank of America Merrill Lynchannounced that it is serving as administrative and collateral agent for an $80 million asset-based revolver to Ice Mobility. The proceeds refinanced and increased a prior facility, and will be used to support the... Read Story

July 31, 2015, 08:01 AM

Ares Management and GE Capital announced the European Senior Secured Loan Programme (ESSLP), a €1.75 billion joint venture between affiliates of the two firms, has provided a £75M financing package to fund the acquisition of Wireless Logic, Europe's... Read Story

March 05, 2015, 07:26 AM

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc, announced that it has provided a $25 million revolving line of credit to Afni, Inc. (“Afni”).  Headquartered in Bloomington, IL, Afni provides outsourced process solutions... Read Story

December 04, 2014, 07:28 AM

Boingo Wireless, Inc. announced that the company entered into a new credit agreement, dated November 21, 2014, with Bank of America Merrill Lynch and Silicon Valley Bank. Bank of America Merrill Lynch will serve as the sole lead arranger and sole... Read Story

December 01, 2014, 07:53 AM

Gogo Inc., a leading global aero communications service provider, announced it has obtained a $75 million increase to its existing $248 million credit facility arranged by Morgan Stanley.  Gogo intends to use the proceeds of the debt financing for... Read Story

July 31, 2014, 07:38 AM

Millicom announced today that it has successfully completed a revolving credit facility of $500 million for Millicom International Cellular S.A.The facility comprises a $200 million two-year tenor tranche with a one-year extension option, and a $300... Read Story

June 06, 2014, 07:04 AM

Frontier Communications Corporation has entered into a new $350 million senior unsecured delayed draw term loan facility with CoBank, ACB, as administrative agent, lead arranger and a lender. The loan will be drawn upon closing of the Company’s... Read Story

June 03, 2014, 07:04 AM

Cologix has increased its credit facility to $165.0 million with amended terms to enable further growth initiatives. The transaction was substantially oversubscribed from the initial request. The facility also provides for an option to flex further... Read Story

December 05, 2013, 07:14 AM

RigNet, Inc. entered into a Second Amendment and Restated Credit Agreement with Bank of America, N.A, as administrative agent, and the lenders party thereto. The amendment provides for a $60.0 million term loan facility and a $125.0 million revolving... Read Story

October 09, 2013, 07:49 AM

Crown Castle International Corp. ("Crown Castle") announced that its direct wholly owned subsidiary, Crown Castle Operating Company ("CCOC"), borrowed $800.0 million of incremental tranche B term loans ("Incremental Loans") under CCOC's existing... Read Story

August 23, 2013, 07:37 AM

Phoenix Management Services served as exclusive Restructuring Financial Advisor in arranging, structuring and negotiating the refinancing for Globe Wireless, LLC , one of the world’s leading providers of satellite communications and information... Read Story

August 16, 2013, 07:49 AM

Level 3 Communications announced that its subsidiary, Level 3 Financing, Inc., has successfully completed the refinancing of its senior secured Tranche B 2019 Term Loan. The $815 million Tranche B-III 2019 Term Loan will bear interest at LIBOR plus... Read Story

August 13, 2013, 07:25 AM

TeleTech Holdings, Inc., a leading global provider of technology-enabled customer experience solutions, today announced that it has entered into a $700 million, five-year, multi-currency revolving credit facility with an accordion feature that... Read Story

June 07, 2013, 08:03 AM

AloStar Business Credit has provided a $12 million secured revolving credit facility to Sycamore Networks Solutions, a provider of intelligent optical networking and multiservice access solutions. The secured revolving credit facility provides the... Read Story

June 07, 2013, 07:46 AM

Lumos Networks Corp. ("Lumos Networks" or "the Company"), a fiber-based service provider of data, voice and IP-based telecommunication services in the Mid-Atlantic region, today announced it has successfully refinanced its prior senior credit... Read Story

May 01, 2013, 08:00 AM

tw telecom inc. announced that its wholly-owned subsidiary tw telecom holdings executed a Second Amended and Restated Credit Agreement with a group of lenders  that amends and restates its 2010 Credit Agreement. The Amendment lists Wells Fargo Bank... Read Story

April 19, 2013, 07:11 AM

Multiband Corporation, a leading home service provider (HSP) for DIRECTV and the nation's largest DIRECTV Master System Operator (MSO) for Multiple Dwelling Units (MDU's), has completed a financing transaction with Fifth Third Bank that will provide... Read Story

March 22, 2013, 08:03 AM