Q9 Networks plans new debt for buyout by investor group and BCE

By Sara Rosenberg

New York, June 4 - Q9 Networks Inc. plans on getting new debt financing to help fund its C$1.1 billion acquisition by Ontario Teachers' Pension Plan, Providence Equity Partners, Madison Dearborn Partners LLC and BCE Inc., according to a news release.

BMO Capital Markets Corp., RBC Capital Markets LLC and TD Securities (USA) LLC are the lead banks on the debt.

As part of the agreement, Teachers, Providence and Madison Dearborn will contribute 70%, or C$420 million, of the equity funding and Bell will provide the remaining 30%, or C$180 million.

Closing is expected before the end of the year, subject to regulatory approval and customary conditions.

Q9 Networks is Toronto-based provider of outsourced data center infrastructure for organizations with mission-critical IT operations.

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