FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


InterCloud Secures $8MM Credit Facility From Forward Investments

September 26, 2014, 07:19 AM
Filed Under: Technology
Related: Credit Facility

InterCloud Systems, Inc. announced it has secured a new senior credit facility from Forward Investments. This new $8 million facility is secured by the consolidated accounts receivable of InterCloud and its subsidiaries.

"This new facility further increases our financial flexibility. Forward Investments is one of the company's largest shareholders, and we are pleased to have their continued support of our growth," stated Mark Munro, CEO of InterCloud CEO.

InterCloud Systems, Inc. is a single-source provider of end-to-end information technology (IT) and next-generation network solutions to the telecommunications service provider (carrier) and corporate enterprise markets through cloud-centric solutions and services. InterCloud offers cloud and managed services, professional consulting and staffing services, and voice, data and optical solutions to assist its customers in meeting their changing technology demands. Its engineering, design, installation and maintenance services support the build-out and operation of some of the most advanced enterprise, fiber optic, Ethernet and wireless networks.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.