PE-Backed AIS Secures $46.5M Credit Facility

PE-backed American Internet Services has received a $46.5 million senior secured credit facility from CIT Group (NYSE: CIT). AIS provides enterprise-class data center and connectivity services in the Western U.S. and intends to use the new facility to support its continued growth and lower its cost of capital. The company's investors include Seaport Capital, Viridian Investment Partners and DuPont Capital Management.