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iBAHN Secures a $20 Million Credit Facility to Support Global Distribution of Its IPTV Platform to Leading Hotels

  • iBAHN
  • 11.03.10
iBAHN, one of the world’s most reliable and respected providers of digital information and entertainment services for the hospitality industry, has secured a $20 million credit facility with JP Morgan Chase & Co.

The new multiyear credit facility will be used for continued growth and installation of iBAHN’s IPTV platform in premium hotels throughout the world.  Financially stable with six consecutive years of profitable operation, the new credit facility is a reflection of the company’s solid financial position.

“During challenging times for the hospitality industry, we are pleased to have secured this new credit facility with a leading global financial institution,” said David Garrison, iBAHN chief executive officer. “This funding will enable us to expand our role as one of the fastest growing hospitality IPTV providers in the world.”

Proceeds from the credit facility will be used for capital expenditures related to contractual agreements to provide services to hotels and similar establishments throughout the world.  iBAHN presently operates in 41 countries on six continents.

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