PCT International, a Mesa, Arizona-based company that makes products for the broadband industry, including fiber nodes, amplifiers, and coaxial cable, has secured $25 million in global credit facilities from Bibby Financial Services and China Bank of Communications.
PCT International, Inc., a world leader in last-mile products for the broadband industry, is pleased to announce it has secured over $25 million in global credit facilities provided by Bibby Financial Services and China Bank of Communications. The new facilities recapitalize PCT’s existing lenders and provide attractive growth funding to support PCT’s strategic global initiative. PCT will utilize proceeds to expand manufacturing capacity, increase research and development and support expansion of its industry-leading line of last-mile broadband products.
“This client has a strong reputation for innovation and efficiency”
“The commitments from our financing partners in the United States and China demonstrate the success of our business model, high-quality product offering and industry-leading infrastructure. The new facilities greatly enhance our financial flexibility and capacity to support the global expansion of our brand, products offering, customer service and international reach,” commented Steven Youtsey, Founder and CEO of PCT international, Inc. Since establishing the company in 1997, Mr. Youtsey has remained committed to his vision for PCT as a developer and global supplier of superior last-mile technology products for the broadband and communications industries. PCT is a holding company of Andes Industries, based in Mesa.
“This client has a strong reputation for innovation and efficiency,” said Nick Hart, Managing Director, Bibby Financial Services. “We are always looking to support businesses that need increased cash flow to grow. As a global company, with 46 offices across 14 countries, we are uniquely positioned to help PCT International grow its footprint both domestically and abroad. We look forward to working alongside its experienced staff during this period of expansion.”
About PCT International, Inc.
Established in 1997, PCT International, Inc. provides superior last-mile and premise products and solutions for broadband communications networks to customers in more than 60 countries. The company leverages innovative engineering, four state-of-the-art manufacturing facilities and a highly-efficient distribution network to ensure quality, service and pricing benefits for broadband, CATV, satellite and structured wiring customers.
PCT International’s “Hardened Drop” approach is a total solution from the tap to the customer premise equipment that is designed to reduce costs for operators and enhance satisfaction for subscribers. PCT International and its holding company, Andes Industries, Inc., are headquartered in Mesa, Arizona. For more information, please visit www.pctinternational.com.