Internap Corporation, a provider of high-performance Internet infrastructure including Colocation, Cloud, and Network Services, announced that it closed on $325 million in new credit facilities to complete its senior secured debt refinancing in an oversubscribed transaction.  The new facility provides INAP with additional flexibility to support its long-term growth objectives, including less restrictive debt and interest coverage covenants.  The First Lien Term Loan and Revolver will both be priced at Libor +700, and reflects a current Corporate Rating of B3 / B.

"Today marks a significant accomplishment of one of the many financial objectives that we envisioned for INAP's new chapter of success," stated Peter D. Aquino, President and CEO of INAP. "Now that the balance sheet is refinanced with the structure and flexibility needed to operate our business for the long-term, we can concentrate on our advantages to capture the growing demand for colocation, cloud, and network connectivity in the global markets that we serve. This is a very exciting milestone for the Company, and I want to thank our INAP employees and board members for their support in this accelerated effort, as well as our customers, shareholders, and new lenders."