Digerati Technologies gets $20 million senior secured credit facility

By Devika Patel

Knoxville, Tenn., Nov. 24 – Digerati Technologies, Inc. secured a $20 million senior secured credit facility with Post Road Group, according to a press release.

The initial funding of $14 million from the $20 million multi-draw facility was used to close the company’s acquisitions of Nexogy, Inc. and ActivePBX and refinance existing debt. Future draws may be used to fund additional acquisitions.

Digerati is a Stafford, Texas-based diversified holding company with operating subsidiaries in the oil field services and cloud communications industries.

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