On June 6, 2014, Terago Networks Inc. entered into credit facilities in the aggregate principal amount of $50,000,000. The transaction was entered into by Terago Networks Inc., as borrower, and National Bank of Canada, as agent and lender. The credit facility was guaranteed by Terago Inc., the parent company of Terago Networks Inc.
The Terago group of companies is a leading wireless broadband communications service provider to businesses in Canada. Terago owns and operates a carrier-grade, MPLS enabled fixed wireless, IP communications network in Canada targeting businesses that require broadband Internet access and data connectivity services. Terago also serves an important and growing demand among enterprise businesses in Canada for network access diversity by offering wireless services that are redundant to their existing wireline broadband connections.
Terago Networks Inc. was represented by Norton Rose Fulbright Canada LLP with a team consisting of Nicole Sigouin, Barry Segal, Michael Moher, Martha Healey, Mary Kelly, Danielle Maksimow, Aditya Rebbapragada, Amanda Fortuna and Michele Friel.