Black Box refinanced its senior credit facility with a new, five-year, $200 million senior secured credit facility with a group of lenders led by PNC Bank as administrative agent and Bank of America as syndication agent. This credit facility includes a provision to increase the commitments to $250 million.

Commenting on the fourth quarter of Fiscal 2016 results, E.C. Sykes, president and chief executive officer, said, “…our new credit facility will provide us the flexibility to address our cost structure over the coming quarters as we first look to stabilize the business and then to build a pattern of sustainable profitable revenue growth.”

Black Box is a technology solutions provider that designs, builds, manages and secures IT infrastructure.