Mobilicity Announces New Financing
Mobilicity Inc. has entered into a C$75 million second lien financing. The first stage consists of a C$35 million facility provided by certain lenders and the second stage will consist of a C$75 million follow-on facility that will be backstopped by the lenders. Formerly known as Data & Audio-Visual Enterprises Wireless, Mobilicity is a Canadian smart mobile carrier, and has been backed by US private equity firm Quadrangle Capital Partners since 2008.
13 February 2013•2 mins read
