PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Evolve IP, LLC

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Evolve IP Secures an Additional $14.7 Million Senior Secured Loan Facility - With CapitalSource as Administrative Agent and Lead Arranger [NASDAQ: PACW] - capitalsource.com / DHCapital.com
Evolve IP Secures an Additional $14.7 Million Senior Secured Loan Facility

 

NewswireToday - /newswire/ - Wayne, PA, United States, 2014/08/21 - With CapitalSource as Administrative Agent and Lead Arranger [NASDAQ: PACW] - capitalsource.com / DHCapital.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Evolve IP, The Cloud Services Company™, today announced that it has secured an additional $14.7 million senior secured loan facility with CapitalSource, one of the leading commercial lenders for mid-sized businesses, as the administrative agent and lead arranger. Earlier this year, Evolve IP secured a $27.5 million loan with CapitalSource that included a $20 million term loan and a $7.5 million revolver. The additional facility brings the total loan facility to $42.2 million, comprised of a $37.2 million term loan and a $5.0 million revolver. Proceeds of the additional loan facility will be used for share repurchases, to provide capacity to fund future acquisitions and for general corporate purposes. DH Capital, LLC served as exclusive financial advisor to Evolve IP in connection with the transaction and Cozen O’Connor served as Evolve IP’s legal counsel.

Evolve IP (evolveip.net) is The Cloud Services Company, providing organizations with a unified option for cloud services with its Evolve IP OneCloud™ solution. Today, more than 50,000 users in the US and globally depend daily on Evolve IP for virtual desktops, virtual data centers /servers, unified communications, disaster recovery, contact centers, and more.

“Evolve IP is an exciting, rapidly-growing company that has positioned itself very well to take advantage of the surge in cloud computing,” commented Ryan Golding, Managing Director, Leveraged Finance at CapitalSource. “The unique Evolve IP OneCloud™ solution provides organizations with multiple cloud computing services, like virtual servers, DaaS, disaster recovery, unified communications, and call centers, on a single, unified platform. That ability, coupled with their award-winning architecture, is a great market differentiator.”

“Evolve IP is growing materially and partnering with a leading financial institution is a key step in our ongoing development,” said Thomas J. Gravina, Chairman, Chief Executive Officer, and Co-Founder. “CapitalSource has proven to be an excellent partner and we look forward to a long-term relationship with them.”

About CapitalSource

CapitalSource (capitalsource.com) makes commercial loans to small and middle-market businesses nationwide. CapitalSource is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $15 billion in assets and 81 full-service branches located throughout the state of California. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp.

About DH Capital

DH Capital (dhcapital.com) is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development, and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed more than 106 M&A transactions and private capital placements totaling more than $8.5 billion in value.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Evolve IP, LLC

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
IT Security Anti-Spam Computer Security - Purchase keywords tags antivirus software firewall spyware removal virus scan computer security IT Security Anti-Spam malware / Banner Ads!.

 
  Your Banner Ad showing on ALL
IT Security/Anti-Spam articles,
CATCH Visitors via Your Competitors Announcements!


Evolve IP Secures an Additional $14.7 Million Senior Secured Loan Facility

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Press Office - EvolveIP.net 
215-259-2500 info[.]evolveip.net
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Evolve IP, LLC securities in any jurisdiction including any other companies listed or named in this release.

IT Security/Anti-Spam via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Evolve IP, LLC / Company Profile


Read IT Security/Anti-Spam Most Recent Related Newswires:

Rambus Delivers High-Speed SerDes Interface Solutions on GLOBALFOUNDRIES FX-14™ ASIC Platform for Data Center and Enterprise
Verint Launches Industry’s Most Modern, Flexible and Open Suite for Enterprise Workforce Optimization
Group Elite and Multiple Customers Switch to Verint as their Global Solution Provider to Enhance Success
Comodo Launches Comodo Dome Firewall 2.0 - A CC EAL 4+ Certified Unified Threat Management Virtual Appliance
Brother to Migrate Mission-critical Applications to AWS and Ensono Cloud
CENTRI Earns Frost & Sullivan’s Entrepreneurial Company of the Year Recognition for its Internet of Things Security Solutions
The Keyholding Company Deploys Verint Situational Intelligence on London’s Bond Street to Enhance Safety and Reduce Crime
Sonus Delivers Secure, Smart and Simple Network Migration for Microsoft Skype for Business
Verint Video Management Solution Enhancements Power Advanced Security and Real- Time Intelligence in Rapidly-Evolving Banking and Retail Markets
IDC FinTech Ranking Names Verint Among Top 25 Enterprise Companies
Comodo to Present on Benefits of Comodo One Platform for MSPs at ASCII IT SMB Success Summit
Verint Named Physical Security Intelligence Solutions Company of the Year
Rambus Announces Industry’s First Functional Silicon of Server DIMM Buffer Chipset Targeted for Next-generation DDR5
Verint Recognized in New Customer Journey Analytics Report by Independent Research Firm
High-Tech Bridge Enhances Discovery Capacities of its Phishing Detection Service

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  SKS Media | SKS Associates Ltd

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)