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Technology Stocks : Internap Network Services Corporation

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To: Jibacoa who wrote (937)	9/17/2007 12:18:43 PM
From: Jibacoa	Read Replies (1) of 1011

Today it is responding to the news of its new credit line.<g> Internap Network Services Corporation Closes $35 Million Credit Facility to Support Growth Initiatives Monday September 17, 6:00 am ET ATLANTA--(BUSINESS WIRE)--Internap Network Services Corporation (NASDAQ:INAP - News), a global provider of end-to-end Internet business solutions, today announced that it closed a new four-year senior secured credit facility from Bank of America, N.A. The facility consists of a $5M revolving credit facility, which may be increased by $15M & includes a $5M sub-limit for letters of credit & a $30M term loan facility. "Internap is focused on capturing the significant growth opportunities before us while operating the business with prudent cost controls," said David A. Buckel, chief financial officer of Internap. "Our strong financial performance and balance sheet have enabled us to secure a favorable credit facility despite a challenging macro economic environment. This financing will support our expansion initiatives in a cost effective and flexible manner and allow us to execute against our aggressive business plan." The stock is above the $14.25 level bigcharts.marketwatch.com Bernard

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