Tilson Technology Management, a national company in network development and information infrastructure professional services, received final court approval for the financing to support operations throughout the Chapter 11 process. This is a key step in advancing Tilson’s restructuring efforts.
As part of its ongoing efforts, Tilson has:
- Obtained final approval to access up to $37.5 million in incremental financing under a debtor-in-possession financing from a syndicate of lenders led by Bank of America, allowing the company to continue meeting its customer obligations and pay employees, vendors, and other key partners throughout the Chapter 11 process.
- Obtained approval to incentivize and support members of its valued workforce, ensuring business continuity and reassurance for employees and internal stakeholders during this period.
As previously announced, Tilson is actively pursuing a sale to an investor to provide additional financial resources for the business and strengthen the company for the long-term.
“We are pleased to have received court approval of our financing and related operational motions, which together enable Tilson to continue providing the absolute highest quality and best service to our customers as we move forward with efforts to strengthen our business,” Darrel Ingram, CEO of Tilson, said. “Thanks to the passion and commitment of our entire team, we are positioned to emerge from this process a stronger company, with partners who firmly believe in our value as a national leader in network development and information infrastructure professional services.”
