telMAX Secures $215 Million in Growth Financing through Structured Investment from Hamilton Lane and Upsized PSIC Credit Facility
telMAX, Ontario's leading independent provider of 100% pure fibre internet, TV and home phone, today announced that funds managed by global private markets investment firm Hamilton Lane (Nasdaq: HLNE) have completed a $105 million structured investment in telMAX. In a parallel transaction, Power Sustainable Infrastructure Credit, ("PSIC"), telMAX's existing financing partner, Palistar Capital, and MidStar Capital are together significantly increasing a credit facility with the company by $110 mi
What This Story Means
Claude is explaining the story in plain words…
Read the Full Story at the Source
The summary here comes from the news provider; the rest of the article lives on the publisher's site: Yahoo