Tucows entered into a new, syndicated five-year secured credit agreement for up to $75 million, including a $15 million accordion feature, with Bank of Montreal and Royal Bank of Canada. It repliaces company’s current $14 million credit facility with BMO.

The facility will be used to support share repurchases, acquisitions and capital expenditures associated with the company’s Fiber-to-the-Home program, as well as general working capital and general corporate requirements.

“As planned, this new expanded credit facility provides us with additional financial resources and flexibility to support the ongoing build out of fiber infrastructure for Ting Internet,” said Elliot Noss, president and CEO.

Tucows is a provider of network access, domain names and other Internet services.