News Column

Net Access Expands Secured Credit Facility by $9m with U.S. Bank

August 26, 2014



Cedar Knolls, NJ (PRWEB) August 26, 2014

Net Access (the "Company"), a leading provider of hybrid colocation, cloud and connectivity solutions to IT intensive enterprises, announced today that it has expanded its senior secured credit facility with U.S. Bank National Association by an additional $9 million which includes a $5 million increase to their revolving line of credit. The Company will use a portion of the facility to refinance an existing $5 million of mezzanine debt, while also providing the Company increased flexibility to better support its growth objectives.

"We are extremely pleased with the new expanded credit facility with U.S. Bank", stated Aaron Pullin, Vice President of Finance of Net Access. "We are in the process of building out our Parsippany II datacenter by an incremental 70,000 sq. ft. and the access to additional capital allows us to invest aggressively to support our sales activities. U.S. Bank was able to act quickly and effectively to meet our needs."

About Net Access

Net Access is an industry leading provider of data center services delivering secure, reliable, and flexible colocation, cloud, network, and managed solutions to IT intensive businesses. Founded in 1995, Net Access' interconnected SSAE 16 audited and PCI DSS compliant data centers allow its customers to focus on their core strengths, without the need to operate the underlying infrastructure. Our team is made up of innovative, dedicated professionals that strive to provide outstanding service that aligns with our mantra, "taking care of the customer for life". For more information please visit Net Access at http://www.nac.net.

Media Contact Net Access

Darryl S Brown

VP Product Management & Marketing

dbrown(at)corp(dot)nac(dot)net

+1 973-590-5149

Read the full story at http://www.prweb.com/releases/2014/08/prweb12080480.htm


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Source: PR Web


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