The facilities will be available for borrowing on the date the merger becomes effective and are expected to replace Global Payments' existing secured credit facilities and TSYS' unsecured revolving credit facility.
Mitel (NASDAQ: MITL) said it has completed the refinancing of its first and second lien credit facilities with $320 million in new senior secured credit facilities.
The senior secured credit facility replaces the firm's present bank credit facilities and offers funds to redeem a portion of the company's senior notes.
The airline and its lender have now extended the expiration date of AirTran's combined letter of credit and revolving line of credit facilities to 31 December 2010.
According to Sherman, "This was an exciting opportunity to work with an experienced, sophisticated borrower and knowledgeable lender with expertise in structuring credit facilities. The financing structure allowed Hampshire Partners Fund VI, LP.