RightFiber lands $1.6B credit facility to fund fibre buildout

What's the deal? RightFiber, a newly formed fibre infrastructure platform, has signed a $1.6 billion credit facility led by Fifth ThirdDealroom has a profile for this one. Try Dealroom → Bank. The debt will fund the company's organic growth strategy.

Why now? The facility was entered into alongside the strategic combination of Ritter CommunicationsDealroom has a profile for this one. Try Dealroom → and Great Plains CommunicationsDealroom has a profile for this one. Try Dealroom →, which created the new platform.

What's the endgame? RightFiber plans to use the capital to expand its fibre network across the US.

The signal: At $1.6 billion, the facility ranks in the top 2% of all US telecom debt rounds on record, a sample of 541 deals. That scale points to continued investor appetite for fibre infrastructure as demand for high-speed connectivity grows.

Read more: proximoinfra.com

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