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Jenner & Block represented Internap Corporation, a leading provider of high-performance internet infrastructure including Colocation, Cloud and Network Services, in securing $325 million in new credit facilities. The deal completes Internap’s senior secured debt refinancing in an oversubscribed transaction. The new facility provides Internap with additional flexibility to support its long-term growth objectives, including less restrictive debt and interest coverage covenants. The First Lien Term Loan and Revolver will both be priced at Libor +700, and reflects a current Corporate Rating of B3 / B.
The transaction closed on April 6, 2017. The team representing Internap included Partners Thomas A. Monson, Neil Cummings, Geoffrey M. Davis, Donald S. Horvath and S. Tony Ling and Associates Amy Inagaki and Rafi W. Mottahedeh.
To read more, please click here for a company news release on the transaction.