Credit Suisse Securities (USA) LLC and Tennenbaum Capital Partners issue commitments to provide a $150 million first lien term loan and a $100 million second lien term loan, respectively.
Once funded, the new term loans will replace current debt while lowering our financing costs and providing capital for expansion program
Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading global operator of carrier-neutral integrated Internet Exchanges and a provider of managed IT infrastructure solutions utilizing cutting edge virtualization and utility computing technologies, today announced that it has secured commitment letters from Credit Suisse and Tennenbaum Capital Partners for a total of $250 million. Once funded, the Company intends to utilize the funds to repay all of the company’s current outstanding secured debt as well as provide capital for the company’s expansion plan.
