Case Summary: MegaPath


$165 million Senior Secured Facility


MegaPath is a leading national provider of bundled managed services and IP broadband access solutions for small-to-medium sized businesses as well as enterprise level customers.  They serve over 60,000 customers in 44 states and 235 metropolitan areas and operate one of the largest Ethernet, DSl and T-1 footprints in North America. 


Crystal Financial has been a lender to the Company since Platinum’s original acquisition in 2008.  We also participated in financing two add on acquisitions in the summer of 2010 as well as a refinance completed in late 2010.  Given the Company’s continued operational improvements, Platinum sought to refinance and improve the capital structure.


Crystal acted as a Co-Arranger on a new $165 million senior secured facility.  This facility provided the Company with a more cost efficient and flexible capital structure.