January 29, 2018 / 1:11 PM / 3 months ago

BRIEF-Inap To Acquire Singlehop For $132 Million

Jan 29 (Reuters) - Internap Corp:

* DEAL FOR $132 MILLION IN CASH

* ‍INAP WILL BE ACQUIRING SINGLEHOP IN AN ALL CASH DEAL FOR $132 MILLION​

* COMBINED IMPACT OF SALES AND OPERATIONAL IMPROVEMENTS IS EXPECTED TO BE A CATALYST FOR GROWTH IN 2018

* EXPECTED ANNUALIZED COST SYNERGIES OF $2 TO $3 MILLION FROM DEAL

* INAP EXPECTS SINGLEHOP WILL CONTRIBUTE $45 TO $50 MILLION IN ANNUALIZED REVENUE POST-CLOSING

* INAP HAS ENTERED INTO A COMMITMENT AGREEMENT WITH JEFFERIES FINANCE LLC TO PROVIDE A FULLY UNDERWRITTEN DEBT FINANCING Source text for Eikon: Further company coverage:

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