Fusion Connect, a leader in cloud communications services, announced that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million.
Value proposition: Fusion Connect’s approach stands apart in the marketplace, blending one-vendor simplicity with a suite of communications services supported by an entirely US-based team of experts, for higher quality and faster time-to-resolution and all backed by a 100% uptime guarantee for additional confidence. And Fusion is an industry leader with expertise in meeting the connectivity and communication needs for mid-market and enterprise organizations, especially those with multi-location operations.
What the funding will be used for: The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion’s growth.
This new funding will enable the company to also further invest in its talent, technology, infrastructure, customer service and products, ensuring the highest levels of customer satisfaction, from design to implementation to on-going support and personalized care. And it will fuel growth and enhance our competitive advantage, for Fusion, for our customers, and for our valued channel partners.
KEY QUOTE:
“We are thrilled to announce our new partnership with Hark Capital. This financing not only fortifies our foundation, but it also reflects the strong confidence our lenders and owners have in Fusion’s future. With this capital infusion, we are now well financed to drive innovation, deliver exceptional value to our customers and partners, and execute on our strategic plans.”
Brian McClintock, CFO of Fusion Connect
