iBAHN, the world’s leader in digital entertainment and Internet solutions for hospitality, has secured a $20 million credit facility with JP Morgan Chase & Co. The new multi-year credit allows for continued growth and installation of iBAHN’s IPTV platform throughout premium hotels around the world.
According to iBAHN’s press, this new credit is also a reflection of the company’s financial strength. Graeme Powell, Managing Director EMEA, iBAHN had this to say about the news:
“We are pleased to have secured this new credit facility with a leading global financial institution in challenging times for the hospitality industry. This will enable us to expand our role as one of the fastest-growing hospitality IPTV providers in the world. I look forward to using a good proportion of this centrally-agreed funding to help EMEA continue with its rapid growth.”
This $20 million infusion will allow for satisfaction of contractual agreements and the providing of services to hotels and other hospitality entities. iBAHN currently operates in 42 countries on six continents.
iBAHN is the only global provider of digital information & entertainment for the hospitality and meeting industries. More than 1.8 million travelers rely on iBAHN services to increase productivity. The company also provides technology solutions to more than 50,000 events per year. For more information, please visit www.ibahn.com.
The video below describes iBAHN’s services and mission a bit more.