Ubiquity, a digital communications infrastructure owner, operator, and developer has successfully upsized its Green Construction Credit Facility to $350 million, representing an incremental $75 million in debt financing, with proceeds to be used to further expand the Company’s last-mile open-access fiber networks.
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The facility upsize was led by Deutsche Bank Private Credit and Infrastructure, joining structuring bank and left lead arranger Goldman Sachs, joint lead arranger Nomura, as well as supportive syndication participants. This facility continues to be backed by equity from existing sponsors, Generate Capital, PBC (“Generate”), and 1248 Holdings, and aligns with Green Loan Principles.
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proceeds to be used to further expand the Company’s last-mile open-access fiber networks
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“Ubiquity is pleased to welcome Deutsche Bank into the Company’s Green Construction Credit Facility alongside joint lead arrangers Goldman Sachs and Nomura and the entire lending group,” said Jamie Earp and Ajay Ghanekar, Ubiquity co-CEO’s and Managing Partners. “The continued support from investors and lenders positions Ubiquity to achieve necessary scale to generate strong returns and sustain long-term financial stability.”
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Source: businesswire
