ADTRAN, a provider of networking and communications solutions, entered into a new senior secured credit facility led by JPMorgan Chase Bank as administrative agent. The facility strengthens the company’s capital structure, enhances liquidity, meaningfully lowers borrowing costs and provides increased financial flexibility to support the execution of its long-term strategic objectives.
The new facility refinances the company’s existing credit arrangements and further strengthens ADTRAN’s financial foundation, providing committed capital to support long-term growth, strategic investments and ongoing business operations. Supported by a premier syndicate of global financial institutions, the facility’s favorable financing terms and successful syndication reflect strong lender confidence in ADTRAN’s business, technology leadership, market position and long-term growth strategy.
“This refinancing represents an important step for ADTRAN and meaningfully strengthens our financial foundation,” Tom Stanton, chairman and CEO of ADTRAN, said. “The successful completion of this transaction reflects the confidence our banking partners have in our business, technology leadership and long-term growth strategy. The new facility enhances liquidity, lowers borrowing costs, extends our maturity profile and improves our financial flexibility. The facility is supported by a strong banking group, led by JPMorgan, further reinforcing our access to capital and supporting the execution of our long-term strategy. With this refinancing completed, we are well positioned to continue investing in innovation, supporting our customers and creating long-term value for our shareholders.”
