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Teradici closes US$10 million debt financing with Beedie Capital and Lyra Capital

Fasken
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Overview

Client

Teradici Corporation

On February 19, 2016, Teradici Corporation (“Teradici”) completed a $10 million secured debt financing with warrant coverage, led by Beedie Capital in syndication with Lyra Capital.  Teradici is the technology leader for creating secure virtual workspaces. The company’s PCoIP technology powers the spectrum of local, remote, mobile and collaborative work styles, fundamentally simplifying how computing is provisioned, managed, and used throughout virtual and cloud environments. The world’s largest cloud computing companies rely on PCoIP technology to fulfill the promise of the cloud – an outstanding user experience, securely delivered to any device, anywhere. Teradici customers include Fortune 500 enterprises and institutions around the world, local and federal government agencies, and cloud and service providers. Teradici was founded in 2004, and is headquartered in British Columbia.  Beedie Capital Partners ("BCP") is the non-real estate investment arm of Beedie Development Group, the largest private industrial land owner, developer and landlord in British Columbia. BCP seeks to deploy Private Equity and Private Debt by collaborating with ambitious operators of high-growth public and private companies. BCP is managed by Bond Capital, a leading mezzanine finance provider to established companies across North America. Fasken Martineau advised Beedie Capital Partners with a team that included Andrew Jackson, Keith Spencer, Ally Bharmal and Jon Conlin.

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