Tuesday, August 25, 2020
Completed Refinancing Supports FiberLight’s Ability to Provision High-Capacity, Highly Scalable Fiber Solutions on Behalf of Customers
ATLANTA – AUGUST 25, 2020 – FiberLight, LLC, a fiber infrastructure provider with more than 20 years of experience building and operating mission-critical, high-bandwidth networks, announces the successful completion of a strategic recapitalization, including $325 million in financing, with a preeminent global investment and financial services advisory firm. With this strong institutional backing, FiberLight will further strengthen its lit and dark fiber network solutions and service excellence, ensuring its current and potential customers benefit from diverse connectivity services that suit an evolving digital landscape.
Across the globe, wireless providers, hyperscalers, data centers, enterprises, healthcare institutions, municipalities and more are looking to transform their IT frameworks to accommodate a growing demand for data and accessibility with lower latencies, faster speeds and higher capacity. The global pandemic has significantly accelerated this transformation, making connectivity and robust networking even more vital for operational success in light of recent remote work situations and widespread dependence on virtual means. With decades of experience designing, engineering, building and optimizing fiber optic networks, FiberLight serves as a strategic and trusted partner to customers as they expand or reinvent their fiber infrastructure to suit evolving data demands and achieve better agility, availability, security, reliability, scalability and more.
“At FiberLight, we are driven by a core dedication to ensuring reliability for businesses, improving reach for their network solutions and enabling our partners and customers across an array of verticals,” states Jim Lynch, CEO of FiberLight. “This strategic recapitalization aligns with and supports this commitment, opening up new possibilities not only for FiberLight, but more importantly for our customers who rely on our solutions to get the results they need to be competitive and to flourish in this digital era. We’re excited to work with our new lending partner, as they understand digital infrastructure and support our next phase of company growth.”
FiberLight delivers 20 years of dedicated expertise designing, building, maintaining and operating large-scale, custom, high-capacity fiber infrastructure in some of the country’s most rapidly growing areas. The company’s dark fiber solutions deliver complete operational control, security and scalability, improving business operations and provisioning peace of mind for network and data center providers, large enterprises across the U.S. and up-the-stack partners looking to evolve their networking capabilities.
To learn more about FiberLight, please visit www.fiberlight.com.
Bank Street Group LLC served as exclusive financial advisor and placement agent to FiberLight in connection with the transaction.
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FiberLight designs, builds and deploys mission-critical high bandwidth networks to ignite our client’s digital transformation. With 14,000 route miles of fiber networks and 78,000 pre-qualified near-net buildings, FiberLight operates in over 30 metropolitan areas in the U.S. Our service portfolio includes high-capacity Ethernet and Wave Transport Services, Cloud Connect, Dedicated Internet Access, Dark Fiber and Wireless Backhaul serving domestic and international telecom companies, wireless, wireline, cable and cloud providers as well as key players across enterprise, government and education. For more information, visit www.fiberlight.com.
Media Contact for FiberLight:
iMiller Public Relations