AboveNet has secured a new senior revolving credit facility worth $250 million. The high bandwidth connectivity solutions provider will use the proceeds from the five-year term loan to repay its existing credit facility and for general corporate purposes. The company initially drew down $55 million from the new facility. The facility will increase AboveNet’s aggregate principal by up to $125 million through one or more term loans or additional revolving credits. SunTrust headed the syndication of the new credit facility.

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