Hibernia Networks, a Dublin, Ireland-based provider of global, high speed telecommunications solutions, completed a $165m senior secured credit facility.
The lender group was led by MUFG, and includes ING Capital, Citizens Bank, HSBC, and CIT.
The refinancing will be used to pay down existing indebtedness of $97m, as well as provide incremental liquidity to fund organic and inorganic strategic initiatives in support of the company’s growth and expansion.
Hibernia Networks owns and operates a global network serving customers in a variety of industry segments including financial markets, web-centric, media and entertainment, and telecom service providers in more than 100 markets and spanning 25 countries. Providing enterprise-class and wholesale global connectivity solutions, the company offers secure and diverse optical transport, Ethernet, and carrier-grade IP transit services as well as dedicated cloud connectivity, low latency services, DTM and HiberniaCDN for content delivery.