KORE Group Holdings, Inc. announced that it has completed its previously announced transactions to refinance its approximately $300 million term loan with the issuance of a new $185 million five-year term loan from Whitehorse Capital and a $150 million strategic investment from funds advised by Searchlight Capital Partners, L.P. As part of the transaction, Searchlight has appointed two members to the Company's Board of Directors. Add two representatives to the Board of Directors from Searchlight ? David Fuller, Operating Partner and Andrew Frey, Partner ?

who bring deep expertise in the communications and technology sectors. Prior to joining Searchlight, Mr. Fuller was President of Rogers Wireless and also held a number of executive roles at TELUS Corporation. Mr. Frey has invested in the communications, media and technology sectors for the last 20 years, and is currently involved with Searchlight's investments in Ziply Fiber, LLC, Consolidated Communications Holdings, Inc., and Mitel Networks Corporation.