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FirstLight secures infrastructure debt package
Proceeds will be used for refinancing and future capital expenditures
Michael Marray 22 May 2024

FirstLight Fiber has signed a five-year senior secured infrastructure debt financing package. The amount was not disclosed.

The financing was led by a syndicate of six international banks with a strong franchise in digital infrastructure: Banco Bilbao Vizcaya Argentaria (BBVA), J.P. Morgan, Natixis Corporate & Investment Banking, Société Générale (as structuring and coordinating bank), Sumitomo Mitsui Banking Corporation, and TD Securities.

Milbank acted as the lenders’ counsel. Gibson Dunn & Crutcher represented FirstLight and Antin in the transaction. FirstLight Fiber is owned by funds managed by Antin Infrastructure Partners.

FirstLight is the largest independent fibre bandwidth infrastructure provider in northeastern United States, with 25,000 fibre network route miles and more than 125,000 addressable locations. The debt package will be used to refinance FirstLight’s existing financing and support its future capital expenditure needs.

“I am excited to announce this new financing that is structured around FirstLight’s needs and provides flexibility to support our next stages of growth,” says FirstLight chief financial officer Peter Zarrella.

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