Daily News: February 15, 2012

BusinessWeek: Telx Group Seeks $75 Million to Refinance Debt

Telx Group is negotiating a $75 million term loan to refinance its debt, a BusinessWeek article said. Morgan Stanley and TD Bank are arranging the loan.

Proceeds will be used to repay the company’s $50 million revolving line of credit due in September 2016, the article noted.

Telx Group is a data center operator owned by Abry Partners and Berkshire Partners.

To read the BusinessWeek article in its entirety, click here.