Tech Valley Communications (TVC) has secured expanded debt facility through GE Capital, with Webster Bank as the co-lender, increasing flexibility and capital to help continue to fuel growth. TVC plans to use the proceeds to pursue strategic and organic growth opportunities such as M&A activities, capital expenditures for network expansion and new service rollouts.
The expanded facility assisted in funding TVC’s recent acquisition of TelJet Longhaul’s fiber network assets in Vermont and New Hampshire and its newly built colocation facility. This acquisition left TVC as the operator of one of the largest and most dense fiber networks in Upstate New York, Northern New England and in to Canada, with more than 190,000 fiber miles and nearly 1,300 lit buildings.
To view the full press release, click here.
Additional information on TVC can be found at www.techvalleycom.com or by following the Company on Twitter and LinkedIn.
