Fusion Connect Secures $85M Term Loan from Hark Capital to Fuel Strategic Growth

Rhea-AI Summary

Fusion Connect has secured an $85 million term loan from Hark Capital through a NAV-based loan agreement. The funding will be allocated for operating capital, debt reduction, and strategic investments to accelerate growth. The company, specializing in cloud communications services, plans to invest in talent, technology, infrastructure, customer service, and product development.

Fusion Connect differentiates itself by offering a comprehensive suite of communications services with an all-US-based support team, backed by a 100% uptime guarantee. The company focuses on serving mid-market and enterprise organizations, particularly those with multi-location operations.

Positive

• Secured substantial $85M term loan for growth and operations
• Funding demonstrates lender and owner confidence in company's future
• Capital will be used to reduce existing debt and fund strategic investments
• Company maintains 100% uptime guarantee, differentiating from competitors

Negative

• Company requires external debt financing for operations and growth
• Existing debt needs to be paid down with new loan proceeds

ATLANTA, May 7, 2025 /PRNewswire/ -- Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.

"We are thrilled to announce our new partnership with Hark Capital," said Brian McClintock, CFO of Fusion Connect. "This financing not only fortifies our foundation, but it also reflects the strong confidence our lenders and owners have in Fusion's future. With this capital infusion, we are now well financed to drive innovation, deliver exceptional value to our customers and partners, and execute on our strategic plans."

Fusion Connect's approach stands apart in the marketplace, blending one-vendor simplicity with a complete suite of communications services supported by an entirely US-based team of experts, for higher quality, faster time-to-resolution and all backed by an industry-leading 100% uptime guarantee for additional confidence. Fusion is an industry leader with expertise in meeting the connectivity and communication needs for mid-market and enterprise organizations, especially those with multi-location operations.

This new funding will enable the company to further invest in its talent, technology, infrastructure, customer service and products, ensuring the highest levels of customer satisfaction, from design to implementation to on-going support and personalized care. It will fuel growth and enhance our competitive advantage, for Fusion, for our customers, and for our valued channel partners.

For more information about Fusion Connect solutions and the Fusion Connect advantage, visit the company website and discover why hardworking businesses rely on Fusion Connect managed connectivity, networking and communications services to run their businesses.

About Fusion Connect
As a leading cloud communications provider, Fusion Connect takes pride in delivering a full suite of US-based managed services that remove all the complexity so customers can focus on running their business. We use our deep technical expertise and industry know-how to build the 'right-fit', best of class communications and collaboration solutions for our customers right here in the US. Fusion Connect is proven at delivering customer success for managed broadband access, UCaaS, CCaaS, SD-WAN, managed security, or Microsoft Teams solutions. Fusion Connect is unique in providing exceptional customer support backed by an industry-leading, uptime service guarantee. For more information on how to get started, visit Fusion Connect or connect with one of our experts at +1-888- 301-1721.

Press Contact:
Fusion Connect
PR@fusionconnect.com

About Hark Capital

Since 2013, Hark Capital has been providing innovative fund finance solutions to private equity sponsors and their portfolio companies, with a focus on NAV and management company facilities. Since inception, Hark Capital has deployed over $1.5 billion across 130+ transactions with 60+ sponsors across the US, Canada and Europe.

Press Contact: info@harkcap.com

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SOURCE Fusion Management Services, LLC

FAQ

What is the size and purpose of Fusion Connect's new term loan from Hark Capital?

Fusion Connect secured an $85 million term loan from Hark Capital to fund operating capital, pay down existing debt, and make strategic investments for growth.

How will Fusion Connect use the $85M loan proceeds?

The loan proceeds will be used for operating capital, debt reduction, and investments in talent, technology, infrastructure, customer service, and product development.

What distinguishes Fusion Connect's service offerings in the market?

Fusion Connect offers one-vendor simplicity with complete communications services, supported by an all-US-based team and backed by a 100% uptime guarantee.

Which market segments does Fusion Connect primarily serve?

Fusion Connect primarily serves mid-market and enterprise organizations, especially those with multi-location operations.