Ubiquity Enhances Credit Facility to Accelerate Growth Initiatives
Ubiquity Expands Construction Credit Facility for Growth
Ubiquity, a leading player in digital communications infrastructure, has made a significant move by upsizing its Green Construction Credit Facility to an impressive $350 million. This increase includes an additional $75 million in debt financing, aimed at further enhancing the company's last-mile open-access fiber networks. This strategic financing is pivotal for meeting the growing demand for high-quality connectivity.
Key Players in the Financing Arrangement
The successful upsizing of the facility was orchestrated by Deutsche Bank Private Credit and Infrastructure, along with seasoned partners like Goldman Sachs, which acted as the structuring bank, and Nomura, which served as a joint lead arranger. This robust group of financial experts underscores the confidence that major institutions have in Ubiquity’s future prospects. They are joined by Generate Capital, PBC, and 1248 Holdings, who continue to provide essential equity support. This financing strategy is in strict alignment with Green Loan Principles, reinforcing Ubiquity’s commitment to sustainability.
Funding Future Expansion Plans
The increased credit facility will enable Ubiquity to fortify its position in the telecommunications sector, facilitating rapid expansion of its fiber networks. The focus on last-mile connectivity is crucial, as it serves communities that require enhanced access to high-speed internet. This step aligns with Ubiquity's mission to bridge the digital divide, ensuring that underserved areas receive quality infrastructure.
Statements from Company Leadership
Expressing enthusiasm about the new financing, Jamie Earp and Ajay Ghanekar, co-CEOs and Managing Partners of Ubiquity, remarked, "We are thrilled to welcome Deutsche Bank to our Green Construction Credit Facility, alongside Goldman Sachs and Nomura. The ongoing backing from our investors ensures we can scale effectively, thereby securing robust returns and promoting long-term financial stability." Their optimism reflects a broader trend in investor confidence, suggesting a strong outlook for the company's growth trajectory.
Ubiquity’s Strategic Vision
Ubiquity is dedicated to investing, developing, and managing cutting-edge digital communications infrastructure across the nation. By concentrating on last-mile connectivity solutions, its open-access fiber platform stands out as one of the largest and fastest-growing in the industry today. The company has established relationships with various stakeholders, including Internet Service Providers (ISPs), wireless carriers, utilities, and local governments, to deliver much-needed connectivity and sustainable solutions where they are most required.
About Ubiquity and Its Operations
Founded with a vision to transform digital communications, Ubiquity plays a crucial role in constructing modern infrastructure that meets the evolving needs of connectivity. The emphasis on sustainability is evident in their business model, which prioritizes environmentally responsible practices and aims to contribute significantly to the digital economy. Through careful planning and collaboration with key industry partners, Ubiquity is well-positioned to lead initiatives that enhance connectivity in various communities.
Frequently Asked Questions
What is the purpose of Ubiquity's increased credit facility?
The increased credit facility aims to fund the expansion of Ubiquity's last-mile open-access fiber networks, enhancing connectivity in underserved areas.
Who led the financing for Ubiquity's credit facility?
Deutsche Bank Private Credit and Infrastructure led the financing, collaborating with Goldman Sachs and Nomura as part of the lending group.
What are the Green Loan Principles?
The Green Loan Principles are guidelines that ensure loans are used for environmentally sustainable projects, promoting responsible borrowing.
How does Ubiquity support underserved communities?
Ubiquity partners with various entities to provide connectivity solutions in areas lacking access to high-speed internet, helping to bridge the digital divide.
What is Ubiquity's long-term vision?
Ubiquity aims to lead the digital communications infrastructure sector with a focus on sustainability, strong returns for investors, and enhanced connectivity for communities.
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