Daily News: June 7, 2013

AloStar Provides $12 Million Revolver to Sycamore Networks

AloStar Business Credit provided a $12 million secured revolving credit facility to Sycamore Networks Solutions. The secured revolving credit facility provides the company access to working capital and additional liquidity to support growth of the company’s operations.

Sycamore Networks Solutions launched as a privately-held company in early 2013, following Marlin Equity Partners’ acquisition of Sycamore Networks’ bandwidth management product and service business. The product serves applications across service providers’ communications infrastructure, from mobile backhaul and multiservice access to metro aggregation and core optical switching.

“We look forward to providing Sycamore access to capital and support as it continues to grow its operations and advance its market leadership position,” said Andy McGhee, president of AloStar Business Credit.

Current and prospective customers of Sycamore include domestic and international wire line and wireless network service providers, utility companies, large enterprises, multiple systems operators and government entities. Sycamore’s carrier-class networking solutions form the foundation for many of the world’s leading communications networks.

“We view AloStar as an exceptional partner that understands our desire to grow our business. We are excited to continue to enhance our network solutions portfolio and establish new innovations in technology and excellence in customer service,” said John Scully, president and CEO of Sycamore.

Sycamore Networks Solutions is a provider of intelligent optical networking and multiservice access solutions.

Marlin Equity Partners is a global private investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet business and liquidity needs.