Pareteum Corporation’s $50 Million Credit Facility with Post Road Group


Sichenzia Ross Ference LLP represented Pareteum Corporation on the transaction

Pareteum Corporation (Nasdaq: TEUM), a global cloud software communications platform company, closed a $50,000,000 committed senior secured credit facility with Post Road Group. Under the terms of the credit facility, Post Road provided Pareteum an initial loan of $25,000,000 on February 26, 2019, with additional loans in increments of $5,000,000 to be made as requested by Pareteum before the 18-month anniversary of the initial funding date.

Sichenzia Ross Ference advised Pareteum Corporation with a team led by Darrin Ocasio (Picture) and Avital Perlman and including associates Grant Levine and Huan Lou.

Involved fees earner: Grant Levine – Sichenzia Ross Ference LLP; Huan Lou – Sichenzia Ross Ference LLP; Darrin Ocasio – Sichenzia Ross Ference LLP; Avital Perlman – Sichenzia Ross Ference LLP;

Law Firms: Sichenzia Ross Ference LLP;

Clients: Pareteum Corporation ;