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FiberLight Completes Refinancing PDF Print E-mail
Thursday, 17 September 2020 08:31


FiberLight completed a  recapitalization, including $325 million in financing, with clients of Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners. With this strong backing, FiberLight will further strengthen its lit and dark fiber network solutions and service excellence, ensuring its current and potential customers benefit from diverse connectivity services that suit an evolving digital landscape.

Across the globe, wireless providers, hyperscalers, data centers, enterprises, healthcare institutions, municipalities and more are looking to transform their IT frameworks to accommodate a growing demand for data and accessibility with lower latencies, faster speeds and higher capacity. The global pandemic has significantly accelerated this transformation, making connectivity and robust networking even more vital for operational success in light of recent remote work situations and widespread dependence on virtual means. With decades of experience designing, engineering, building and optimizing fiber optic networks, FiberLight serves as a strategic and trusted partner to customers as they expand or reinvent their fiber infrastructure to suit evolving data demands and achieve better agility, availability, security, reliability, scalability and more.

“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 Guggenheim Partners, as they understand digital infrastructure and support our next phase of company growth.”

“We are happy to have the opportunity to partner with FiberLight and provide capital to fuel their growth both today and in the future,” said Taylor Harrington, a Senior Originator in Guggenheim Investments’ Corporate Credit division. “FiberLight fits squarely into our mandate to finance best-in-class, growing businesses with strong management teams, and we look forward to working closely with them over the coming years,” added Joe McCurdy, Head of Originations for Guggenheim Investments’ Corporate Credit division.