Cbeyond amends facility, upsizing revolver and pushing out maturity

By Sara Rosenberg

New York, Feb. 28 - Cbeyond Inc. amended its credit facility, increasing the revolver to $75 million from $40 million and extending the maturity by about three years to Feb. 22, 2016, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Pricing on the amended facility is Libor plus 175 basis points.

The amendment was completed on Feb. 22.

Bank of America is the administrative agent on the deal.

Cbeyond is an Atlanta-based provider of IT and communications services.

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