TeraGo Networks Inc.
TSX : TGO

TeraGo Networks Inc.

June 22, 2010 06:00 ET

TeraGo Networks Establishes Senior Credit Facility

TORONTO, ONTARIO--(Marketwire - June 22, 2010) - TeraGo Networks Inc. (TSX:TGO) (www.terago.ca), a leading network service provider to businesses in Canada, today announced that it has completed an agreement to establish a $7.5 million term credit facility with the Business Development Bank of Canada (BDC). The new credit facility, to be used for capital expenditures, is a six-year term facility with principal payments commencing in the fourth quarter of 2011. It is anticipated that $2.5 million will be drawn on this facility in June.

About TeraGo Networks

TeraGo Networks Inc. provides small and medium sized businesses with carrier-grade wireless broadband, data and voice communications services. The national network service provider owns and manages its wireless IP network servicing more than 4,800 customer locations in 43 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg. TeraGo Networks is a Competitive Local Exchange Carrier (CLEC) and is a wholly owned subsidiary of TeraGo Inc. (TSX:TGO). More information about TeraGo is available at www.terago.ca.

About BDC

BDC is Canada's business development bank. From 100 offices across the country, BDC promotes entrepreneurship by providing highly tailored financing, venture capital and consulting services to entrepreneurs. Visit www.bdc.ca for more information.

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