Overview
MegaPath is a leading CLEC and national provider of Broadband Services (internet, data & voice) to both wholesale customers and the small business sectors.
Challenge
Platinum Equity was seeking financing to refinance existing debt, finance an acquisition and provide for a dividend.
Solution
We have a leading position in a $161 million 1st lien term loan secured by the company's assets and stock and is underwritten based on the company's enterprise value.
Loan proceeds were used to refinance existing debt and to finance two add-on acquisitions.
