Originally posted to Data Center POST
FiberLight, LLC, a fiber infrastructure provider with more than 20 years of experience building and operating mission-critical, high-bandwidth networks, recently announced that it has successfully completed a strategic recapitalization with a preeminent global investment and advisory financial services firm. FiberLight’s new, strong backing — which includes $325 million in financing — serves to strengthen the company’s delivery of lit and dark fiber network solutions and support its dedication to customer service excellence. This ensures that both current and potential FiberLight customers are fully enabled with the diverse connectivity services they need to digitally transform and meet evolving user needs. Bank Street Group LLC served as exclusive financial advisor and placement agent to FiberLight in connection with the transaction.
“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.”
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