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News : Mitel Announces Closing of New Credit Facility

#contactcenterworld, @Mitel

Ottawa, Ontario, Canada, March, 2017 -- Mitel(R) (Nasdaq:MITL) (TSX:MNW), a global provider in business communications, announced that it has closed a new credit facility that includes significantly improved terms as well as greatly enhanced capacity and flexibility to capitalize on the rapidly changing unified communications and collaboration (UCC) market.

The new credit facility will consist of a term loan and a revolving credit facility, both of which will mature in 2022. The initial funding from the new credit facilities will be used to repay remaining debt outstanding under Mitel's previous credit facilities in addition to accrued interest, fees and expenses.

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The lending syndicate for the new facility is comprised of nine financial institutions led by Citizens Bank, N.A., which also acted as administrative agent. BMO Capital Markets, Canadian Imperial Bank of Commerce and HSBC Bank Canada served as Joint Lead Arrangers and Joint Bookrunners. EA Markets LLC provided Mitel with independent advisory and transaction services in conjunction with the arrangement and structuring of the facility.

"This new credit facility, combined with the recent divestiture of our mobile business, significantly strengthens Mitel's capital structure," said Steve Spooner, Chief Financial Officer. "Since the beginning of the year, we have substantially reduced our net leverage and significantly increased our liquidity, giving us the financial capacity and flexibility to pursue growth opportunities, invest in the business, and implement other shareholder-enhancing initiatives."

#contactcenterworld, @Mitel

Posted by Veronica Silva Cusi, news correspondent
Source: Mitel


About Mitel:
Company LogoMitel is a global provider of enterprise and small business communications solutions and services. The company focuses on blending powerful infrastructure with an intuitive human interface to deliver the benefits of voice, video and data convergence to the user. Mitel's broad portfolio of solutions provide advanced voice, video and data communications platforms, desktop phones and Internet appliances, intuitive applications for customer relationship management and mobility, messaging and multimedia collaboration.
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Today's Tip of the Day - 5 Ways To Demotivate Staff

Read today's tip or listen to it on podcast.

Published: Tuesday, March 14, 2017

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2020 Buyers Guide Call Routing Optimization

 
1.) 
Eastwind Communications

Eastwind sells Oracle, Ribbon, and Dialogic SBC and routing solutions for both premise-based and cloud-based deployments along with Microsoft Teams integration. Eastwind offers managed service offerings and complete 7x24 support.
PH: 508-862-8600

2.) 
Lieber & Associates

Call Routing and Contact Center Optimization
L&A provides consulting services to optimize contact centers, including call routing, skills-based routing, and multi-location routing. The firm's senior consultants have several decades of experience each in this area and work with all vendors' systems. L&A's president pioneered skills-based routing.
PH: +1-773-325-0608
 

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