Press Release: Strata : Strata Worldwide Announces Refinancing Transaction Led by Morgan

(PR-inside.com) ATLANTA, GA / ACCESSWIRE / June 24, 2019 / Strata Worldwide announced the successful completion of a refinancing of its current debt facilities. The new $69 million credit facilities consist of a $54 million senior secured term loan provided by investment funds managed by Morgan Stanley Private Credit (MSPC), along with a $15 million revolving credit facility from Wells Fargo Capital Finance. The new credit facilities were put in place to refinance the company's outstanding indebtedness and will support other general corporate purposes. Terms of the financing were not disclosed. Mike Berube, CEO of Strata Worldwide, said, "This financing is a major milestone for ..