FirstLight Fiber, the northeast U.S.’s largest independent fiber bandwidth infrastructure provider with 25,000 fiber network route miles and more than 125,000 addressable locations, successfully raised $120 million in new strategic debt financing. This transaction is part of a global refinancing effort this year at FirstLight and follows the five-year senior secured infrastructure debt financing package the company announced in April 2024.
The financing was led by Sixth Street, a leading global investment firm with deep experience supporting companies across the telecommunications sector, with participation from Palistar Capital, an alternative asset manager focused on investments in mission-critical digital infrastructure assets.
“We have continued to strengthen our balance sheet by working with partners who understand our business, and this new financing provides us with added flexibility as we execute our growth strategy,” said FirstLight CEO Jason Campbell.
“We are proud to have closed this debt transaction with experienced digital infrastructure financing partners like Sixth Street and Palistar. We are excited for FirstLight’s next chapter alongside them,” added Kevin Genieser, Managing Partner at Antin Infrastructure Partners and FirstLight Board Member.
FirstLight Fiber is owned by funds managed by Antin Infrastructure Partners.
Ropes and Gray LLP represented FirstLight and Antin in the transaction. Milbank served as legal adviser to Sixth Street and Palistar Capital.