RigNet, Inc. has consolidated and refinanced its debt led by Bank of America, N.A. with participation by Comerica.

The new credit facility will allow the Company to continue funding its growth opportunities, reduce total borrowing costs, and simplify its debt structure. Addressing the communications challenges faced by oil and gas companies today in remote locations, RigNet uses the leading remote communications and IP networking technologies to provide high-quality solutions for broadband data, voice and video communications, as well as real-time data management. RigNet’s turnkey solution includes installation, management and support for its customer’s communication systems without requiring them to invest in and manage expensive telecommunications equipment. This allows RigNet’s customers to enjoy high quality, state of the art communications services without the high costs and risks associated with an internal solution.