SUMMIT, N.J. and DUBLIN -- Hibernia Networks, a provider of global capacity services, announced today that it completed a $52.5 million debt refinancing. The proceeds of the refinancing were used to pay off existing indebtedness and will provide incremental liquidity for growth and for working capital. The new lender group includes funds managed by affiliates of Fortress Investment Group LLC and Bridge Bank.
“With this transaction, Hibernia has reduced its cost of capital considerably – a reflection of the successful execution of our business plan,” stated Lloyd Jarkow, CFO of Hibernia. “Hibernia is focused on continued growth and we are excited about the strategic value of our new lender relationships.”
A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.