Global Crossing is a publicly traded company (NYSE: GLBC) that provides telephone, internet, and video conferencing services to enterprise customers via its wholly-owned international VoIP network. ICON provided a $25 million facility to finance the acquisition of various types of telecommunications equipment used to expand Global Crossing’s network. At the time, Global Crossing was seeking a financing solution that would improve its cash flow and liquidity in order to stimulate revenue growth. The facility provided by ICON included a 6-month drawdown period to provide flexibility during the rollout, and a subsequent 48-month base term (when other lenders were only offering 36-month base terms) to satisfy Global Crossing’s cash flow requirements. The equipment is currently installed in domestic and international hubs throughout Global Crossing’s intercontinental network.