UniTek Global Services, Inc. Closes $75 Million Asset-Based Revolving Credit Facility

UniTek Global Services, Inc. ("UniTek" or the "Company") UNTK, a premier provider of permanently outsourced infrastructure services to the telecommunications, broadband cable, wireless, transportation, public safety and satellite television industries, today announced that it has closed the previously announced $75 million asset-based revolving credit facility ("ABL Facility") with Apollo Investment Corporation ("Apollo"). The funds available under the ABL Facility will be used to replace UniTek's previous Revolving Credit and Security Agreement dated April 15, 2011. Additionally, the ABL Facility increases the Company's borrowing availability as compared to its previous revolving credit facility by $30 million through October 31, 2013, $25 million from November 1, 2013 through November 30, 2013 and $20 million thereafter. Rocky Romanella, Chief Executive Officer of UniTek, commented: "Securing this ABL Facility provides us with additional liquidity as we continue working to refinance the remainder of our outstanding debt. Completion of the ABL is an important step for us, and speaks to the tireless efforts of our employees over the last several months. We are advancing other key initiatives related to the completion of the audit and refinancing of our term loan, and look forward to completing this process and rededicating ourselves to the long-term growth of the Company." About UniTek Global Services UniTek Global Services is a provider of engineering, construction management and installation fulfillment services to companies specializing in the telecommunications, broadband cable, wireless, two-way radio, transportation, public safety and satellite industries. UniTek has created a scalable operating platform, enabling each UniTek subsidiary to deliver quality services to its Fortune 200 customers. www.unitekglobalservices.com.
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