Hibernia Networks Completes $52.5 Million Refinancing

Hibernia Networks announces today that it completed a $52.5 million debt refinancing. The proceeds of the refinancing were used to pay off existing indebtedness and will provide incremental liquidity for growth and for working capital.  The new lender group includes funds managed by affiliates of Fortress Investment Group LLC and Bridge Bank.

Hibernia’s cutting-edge network technology allows carriers and service providers to leverage its reliable, next-generation services. Its self-healing ring architecture is engineered across diverse paths allowing Hibernia to provide secure services with 100% service level guarantees for its dedicated Ethernet, DTM and optical-level services, Gigabit Ethernet, 10 Gigabit and LanPhy wavelengths and traditional SONET/SDH services.

Hibernia’s network offers direct access to over 120 points of presence across North America, Europe and Asia.

For more information on Hibernia’s network and to view its global network map, visit www.hibernianetworks.com.