As we informed you in March, our parent company INAP initiated a Chapter 11 process in the U.S. Bankruptcy Court to strengthen its capital structure. While this did not have any impact on your services or relationship with us, we thought it was important to share that information, to the extent you might have seen the news and had any questions about what it might mean for you. I am pleased to share with you today that INAP has successfully emerged from Chapter 11 protection. INAP is now a private company with substantially less debt, extended maturities and enhanced liquidity, with a blue-chip ownership group including The Carlyle Group, Angelo Gordon and BlackRock.
There will be no changes in your services or relationship with us as a result of this announcement regarding our parent company. Our customers are at the centre of everything we do and, with this important milestone behind us, we are stronger than ever and energized to support you by delivering the highest quality services in the industry. Thanks again for your continued support and we look forward to serving as your trusted provider of critical IT infrastructure needs in the future.