Open Close

Mitel merger with Aastra nearing completion

Mitel Networks Corp. (NASDAQ: MITL) and Aastra Technologies Ltd. (TSX: AAH) confirmed that they now expect to close their merger transaction on or about January 31, 2014, subject to the satisfaction or waiver of remaining closing conditions.

Mitel has received term loan and revolving credit facility commitments from Jefferies Finance LLC and the TSX-Dominion Bank of up to USD405m to both refinance its existing first lien and second lien credit facilities and to assist in financing the cash consideration for the merger with Aastra. Mitel expects to complete this financing concurrently with the merger.

Mitel is a global provider of unified communications and collaboration software, solutions and services that enable organizations to conduct business anywhere, over any medium with the device of their choice. For more information visit

Aastra Technologies is a global company at the forefront of the Enterprise Communication market. Headquartered in Concord, Ontario, Canada, Aastra develops and delivers innovative and integrated solutions that address the communication needs of businesses small and large around the world. Its website is at


If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.