Ripple Fiber, a Charlotte-based provider of high-speed fiber internet services, announced it has secured a significant expansion of its existing credit facility to $350 million. Led and arranged by Post Road Group, this agreement is a significant increase in the company’s debt capacity and a vote of confidence, providing substantial resources to support Ripple Fiber’s accelerated network deployment across the US.
This substantial debt package is supported by additional equity from Ripple Fiber’s current sponsors. And this commitment comes on the heels of the company’s strategic merger completion with HyperFiber, which formally combined the companies under the unified Ripple Fiber brand and leadership. With this new debt capacity, Ripple Fiber is now exceptionally well-positioned to execute on its near-term build plan with operations in 10 states by the end of 2025.
This expanded credit facility and further equity commitment from Ripple Fiber’s current sponsors provide the capital resources to maintain and enhance the company’s position as one of the fastest-growing independent FTTH (Fiber-to-the-Home) providers in the country. And Ripple Fiber has already deployed over 170,000 fiber passings across seven states, adding more than 100,000 passings and 13,000 subscribers in the last twelve months alone. The company developed a clearly defined strategic growth path to expand its fiber footprint nationwide.
The increased capital supports Ripple Fiber’s continued network buildout, which currently spans across North Carolina, South Carolina, Florida, Arkansas, Colorado, Michigan, and Massachusetts. And the company is in the advanced stages of extending its footprint into four additional states as part of its national expansion strategy.
KEY QUOTES:
“This significant debt facility expansion represents a strong vote of confidence from our financial partners and reinforces our ability to execute our ambitious growth strategy. Having recently completed our strategic merger with HyperFiber and now securing this enhanced financial flexibility, we are exceptionally well-positioned to accelerate our deployment of next-generation fiber infrastructure to communities nationwide and have ensured that our capital planning allows us to focus on speed of deployment.”
Greg Wilson, Founder and CEO of Ripple Fiber
“As we’ve demonstrated our ability to efficiently deploy capital and achieve strong market penetration rates, our partners have enthusiastically increased their commitment to Ripple Fiber’s growth story. The strength of the company’s AI-driven market selection technology, coupled with a disciplined approach to capital deployment, enables us to ramp up our build engine and develop multiple markets concurrently. This expanded debt facility provides the runway we need to capitalize on the significant opportunities we’ve identified across our target markets.”
Stuart van der Veen, Board Member of Ripple Fiber
“Ripple Fiber is building critical infrastructure to connect communities across the country, and we’re proud to support their continued expansion. The team has demonstrated strong execution, disciplined market entry, and a thoughtful approach to scaling. This expanded credit facility reflects our conviction in both the Ripple platform and the broader opportunity to deliver competitive fiber infrastructure to underserved communities nationwide.”
Sean Elliott, Vice President of Post Road Group
