DBSi closes on $35 million loan financing via PNC and MCG Capital

By Jennifer Chiou

New York, March 4 - Data Based Systems International, Inc. closed on a $35 million senior credit facility and subordinated term loan financing with financial adviser DH Capital, LLC, according to a DH release. PNC Bank, NA provided the senior financing while MCG Capital Corp. provided the junior financing.

Proceeds will be used to refinance the company's existing debt and complete the first phase of its TekPark data center, a facility in Breinigsville, Pa.

DBSi is a data center services company with headquarters in Bethlehem, Pa. New York-based DH is an investment banking firm focused on companies in the internet infrastructure and communications sectors.

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