Toronto’s Q9 Networks has $210 million for expansion plans

Toronto’s Q9 Networks Inc., a provider of outsourced data centre infrastructure and hosting services, said Monday that it has secured a new $210 million senior secured credit facility from a syndicate of banks.

The syndicate is led by TD Securities as agent, and includes BMO Capital Markets, RBC Capital Markets and Barclays Structured Principal Investing.

Q9 said the facility substantially increases the company’s borrowing capacity and its ability to accelerate expansion plans.

“Demand from new and existing customers has never been stronger,” said Q9 CEO Osama Arafat in a statement. “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.”

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