Everstream Secures Over $1 Billion For Refinancing, Debt Capital Arrangement
04/01/22, 12:00 PM
Location
Money raised
$1 billion
Industry
telecommunications
Everstream, the business-only fiber network, has announced it has secured more than $1 billion in debt financing to refinance existing credit facilities and raise additional capital to continue funding network growth and densification across its 10-state footprint. The deal marks the first time a U.S. based telecommunications company has leveraged an OpCo/HoldCo financing model, driven by demand from Institutional Infrastructure investors.
Company Info
Location
cleveland, ohio, united states
Additional Info
Everstream has raised the bar for business connectivity, delivering a business-only fiber network with the speed, reliability, scale and performance that today’s enterprises demand. With more than 27,500 route miles of fiber and speeds up to 100 Gbps, Everstream’s enterprise-grade network delivers robust business fiber services, including dedicated internet access, dark fiber, Ethernet and data center solutions. Through its “Do What You Say You Will Do” approach, Everstream is a valued partner dedicated to the success of business customers.