Q9 Networks Announces $210 Million Credit Facility for Continued Expansion
TORONTO – April 12, 2010 – Q9 Networks Inc. (Q9) today announced that it secured a new $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."
About Q9 Networks
Q9 Networks is a leading Canadian provider of outsourced data center infrastructure for organizations with mission-critical IT operations. Q9's data centees and network are backed by an industry leading SLA which guarantees 100 per cent network and power availability. Q9 services, including: co-location, bandwidth, dedicated servers, firewalls, load balancing, virtual private networking (VPN) and back-up/restore, enable the rapid provisioning and scalability of client infrastructure.