Telx Closes $75MM Term Loan With Morgan Stanley, TD Securities
The Telx Group, Inc., an interconnection and data center services provider in strategic North American markets, announced that it closed a $75 million incremental term loan agreement. The company will leverage the transaction to supplement its liquidity position, as well as for general corporate purposes.
Morgan Stanley Senior Funding and TD Securities (USA) served as lead arrangers for the transaction. Telx is owned by ABRY Partners and Berkshire Partners, two Boston-based investment firms.
“This transaction continues to position Telx for future growth in 2012 and beyond, including the ability to quickly respond to the needs of our customers with new expansion opportunities,” said Chris Downie, president and chief financial officer of Telx. “We are pleased to receive continued support from the financing community in recognition of Telx’s outstanding service to its clients and strong business model.”
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