Q9 Networks has announced that it secured a new C$210 million Senior Secured Credit Facility from a syndicate of banks led by TD Securities as agent, BMO Capital Markets, RBC Capital Markets and Barclays Structured Principal Investing. The facility substantially increases Q9's borrowing capacity and its ability to accelerate expansion plans.

"Demand from new and existing customers has never been stronger," says Q9 Chief Executive Officer, Osama Arafat. "This new credit facility adds to our financial strength and, coupled with the ongoing support from ABRY Partners, enhances our ability to execute strategic initiatives that meet the needs of our growing customer base.”

Source: CNW

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