TD Capital completes senior credit facilities for ABRY Partners' C$361 million acquisition of Q9 Networks

On October 24, 2008, an affiliate of ABRY Partners, LLC acquired Q9 Networks Inc. for approximately C$361 million. The acquisition was completed by way of a statutory plan of arrangement, pursuant to which all of the issued and outstanding common shares of Q9, other than those acquired from certain management and employees of Q9 by the acquisition vehicle, were acquired for C$17.05 per share in cash.

The acquisition was funded in part by senior credit facilities provided by a syndicate of lenders led by TD Bank, and mezzanine financing through a syndicate of lenders led by TD Capital. Barclays Structured Principal Investing LP was the documentation agent for the senior and mezzanine facilities.

ABRY Partners is a Boston-based private equity investment firm focused on media and communications invvestments.

Q9 Networks is a Canadian provider of outsourced data centre infrastructure.

Further information is found on The Globe and Mail's website.