US Capital Global entered into a term sheet to provide credit facilities totaling a minimum of $100 million to Laser Light Companies, which is designing and building an advanced global platform that will be the world's first converged on-demand optical network. Laser Light plans to use the new credit facilities to support its accelerated Beta roll-out of its next-generation data infrastructure across 5 continents in partnership with Nokia Technologies.
"We are honored to have US Capital Global with us to enable our unique converged data platform as they not only share our vision but also have the ability to provide Laser Light with debt financing on a global scale. With their support, along with, Nokia's worldwide partnership, we will be able to accelerate our Beta deployment plans to address the ever-growing and dynamic demands for data – globally, regionally, and at the Far Edge," stated Bob Brumley, Chairman and CEO of Laser Light Companies.
"Over the past several years, US Capital Global has provided and advised billions in debt and equity financing for businesses in a variety of industries including technology and telecommunications industries," said Ish Spencer, MD and partner at US Capital Global. "We are pleased to be offering our financial services to Laser Light Companies and supporting them with initial debt financing of $100 million."
Laser Light is being advised by DelMorgan & Co., an internationally recognized investment banking firm, as lead strategic transaction advisor in connection with the Laser Light's raising of equity and debt to enable the company to accelerate and scale its global deployment of infrastructure. "We are excited by the debt facility that has been offered to Laser Light by US Capital Global," stated Neil Morganbesser, President & CEO of DelMorgan, "and we are excited as we expect it to further unlock additional financing opportunities that will enable Laser Light to create the next-generation optical network, revolutionizing the availability of high-throughput / low-latency connectivity for users around the world."