Bank Street Joint Lead Arranger for $135 Million Alpheus Credit Facility

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Credit Facility Refinances Existing Indebtedness and Provides Platform for Growth

Bank Street recently announced the expansion of its debt capital markets capabilities to go beyond the firm’s traditional role as a placement agent for broadly marketed leveraged loan transactions.

Bank Street Group LLC announced that it served as joint lead arranger for a $135 million senior secured financing closed by Alpheus Communications, LLC on May 31, 2013. The financing comprised a $110 million term loan, $15 million underwritten delayed draw term loan and $10 million revolving credit facility. The financing solution also affords up to an additional $40 million under certain conditions with an accordion feature in order to accommodate future organic or strategic growth initiatives by Alpheus.

“We are pleased to have accessed the credit markets on highly favorable terms and conditions in order to refinance our existing indebtedness and provide a solid base for future investment and growth,” said Scott Widham, Chief Executive Officer of Alpheus. “Bank Street’s unique industry knowledge and insight, combined with the team’s creativity and understanding of the credit markets, enabled Alpheus to structure and syndicate a transaction which most effectively addressed the company’s capital requirements on an expedited basis.”

Bank Street recently announced the expansion of its debt capital markets capabilities to go beyond the firm’s traditional role as a placement agent for broadly marketed leveraged loan transactions. Bank Street has aligned itself with large institutional pools of capital with broad credit capacity and significant experience across the Communications, Media and Technology sectors. With its expanded credit platform and capabilities, Bank Street will act, as we have in this transaction, as joint lead arranger to deliver underwritten solutions for highly customized senior and uni-tranche debt financings ranging from $25 to over $250 million for its U.S. and international clients.

About Alpheus Communications

Alpheus Communications is a leading provider of metro and regional fiber networking and data center solutions serving carrier and enterprise customers in Texas. Acquired by the The Gores Group, LLC in December 2011, the company operates a 6,000 route mile fiber network providing metro and intercity connectivity in Dallas-Fort Worth, Houston, San Antonio, Austin, Corpus Christi and the Rio Grande Valley. Alpheus also supports mission-critical information technology functions and cloud computing solutions through its resilient SSAE 16-compliant data centers for colocation and disaster recovery. Visit http://www.alpheus.net for more information.

About Bank Street

Bank Street Group is an investment banking firm providing a comprehensive array of financial advisory services to middle-market companies. Our senior professionals have originated, structured and executed more than $500 billion of financial and strategic transactions and are dedicated to bringing the breadth and depth of this experience to bear to the benefit of our clients. With a portfolio of capabilities that includes Financial Advisory, Mergers & Acquisitions, Private Placements of Debt & Equity, Restructuring & Turnaround Advisory, Valuation and Fairness Opinions, Bank Street offers one-stop shopping for our clients seeking sophisticated financial services. Bank Street is a member of FINRA and SIPC. Visit http://www.bankstreet.com for more information.

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James Henry

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