Fusion Connect, a leader in cloud communications services, announced that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.

"We are thrilled to announce our new partnership with Hark Capital," said Brian McClintock, CFO of Fusion Connect. "This financing not only fortifies our foundation, but it also reflects the strong confidence our lenders and owners have in Fusion's future. With this capital infusion, we are now well financed to drive innovation, deliver exceptional value to our customers and partners, and execute on our strategic plans."

Fusion Connect's approach stands apart in the marketplace, blending one-vendor simplicity with a complete suite of communications services supported by an entirely US-based team of experts, for higher quality, faster time-to-resolution and all backed by an industry-leading 100% uptime guarantee for additional confidence. Fusion is an industry leader with expertise in meeting the connectivity and communication needs for mid-market and enterprise organizations, especially those with multi-location operations.

This new funding will enable the company to further invest in its talent, technology, infrastructure, customer service and products, ensuring the highest levels of customer satisfaction, from design to implementation to on-going support and personalized care. It will fuel growth and enhance our competitive advantage, for Fusion, for our customers, and for our valued channel partners.