Internap Amends Credit Line
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[October 07, 2008]

Internap Amends Credit Line

(InvesTrend Via Acquire Media NewsEdge)
October 7, 2008 (FinancialWire) -- Internap Network Services Corp.
(NASDAQ: INAP) (Current Market Cap: US$139.63 Mil.) said that it has
amended its credit agreement with Bank of America (NYSE: BAC). Under
the amended credit facility, Internap will convert its existing $20
million term loan balance and outstanding letters of credit with Bank
of America into a $35 million revolving loan.
The agreement extends principal settlement terms from quarterly
payments, scheduled to begin in the third quarter of 2008, to a single
principal repayment due in 2011 and preserves $10 million of borrowing
capacity for the company.
According to Internap, the amended facility also allows the company to
make capital expenditures of up to $55 million for the fiscal year
ending December 31. The additional borrowing capacity under the amended
revolving credit commitment is available to fund capital expenditures,
lease financing obligations, letters of credit or can be used for other
corporate purposes.
Atlanta-based Internap is an internet services firm with a global
platform of data centers, managed internet services, a content delivery
network and content monetization services.


FinancialWire is a fully independent, proprietary news wire service of
Investrend Information (a division of Investrend Communications, Inc.).
FinancialWire news is written by professional journalists, dedicated
to pure journalistic standards. FinancialWire does not receive or
accept any compensation from any individual or subject company (or
representative thereof) for its news or opinions. All FinancialWire
news is available at http://www.financialwire.net . Please address any
inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available
at http://investrend.ar.wilink.com/?level=279 .

(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))



Copyright ? 2008 M2 Communications Ltd.

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