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 Third 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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