PCS Wireless gets $100 million secured loan facility through White Oak

By Jennifer Chiou

New York, March 19 – PCS Wireless announced that it has obtained a $100 million senior secured loan facility through White Oak Global Advisors LLC.

According to a news release, the financing positions the company for continued major expansion. It is also the first time PCS, a privately held company co-founded in 2001 by Ben Nash and Praveen Arora, has turned to the capital markets for financing.

“Looking back at the incredible growth we have achieved over the past three years, it was clear this is the optimal time for a bold move that will take PCS to the next level,” chief executive officer Nash said in the release.

Based in Florham Park, N.J., PCS Wireless specializes in the recovery, remanufacturing and distribution of smartphones and tablets.

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