Ubiquity – a digital communications infrastructure owner, operator, and developer – announced it has successfully secured $420 million in green construction financing facilities, with proceeds used to expand deployment of last-mile open-access fiber networks across its core markets in Texas, California, Arizona, and Nebraska.
This funding milestone was achieved through the closing of the Company’s $275 million Green Construction Credit Facility led by Goldman Sachs and Nomura, along with a successful upsize to $145 million of the company’s existing Green Revolving Credit Facility led by Woodforest National Bank and a consortium of syndicate lenders. The proceeds from both facilities complement equity from existing sponsors, Generate Capital PBC and 1248 Holdings, building on Ubiquity’s track record of growth to expand its fiber network footprint, bringing high speed internet to more homes and businesses. These facilities align with Green Loan Principles and Generate’s Green Financing Framework.
Created in 2019, Ubiquity has been a trailblazer in the U.S. due to its differentiated open-access business model led by veterans of the digital infrastructure space, including former Tier 1 carrier network planners, builders, and operators. And Ubiquity’s last-mile open-access fiber networks are critical communications infrastructure that enables a new generation of more energy-efficient connectivity, provides customer choice, and deepens its competitive moat with multi-tenant capabilities.
Designed for supporting multiple tenants through high-capacity engineering, Ubiquity’s open-access networks flexibly deliver both lit and dark fiber services. And the company’s networks provide dedicated fiber for all residential and business connectivity use cases and can also serve high-speed enterprise and carrier backhaul needs in parallel.
Ubiquity’s strong track record of growth has delivered hundreds of thousands of addresses across its core four-state footprint, positioning Ubiquity as one of the country’s largest privately funded Fiber-to-the-Premise builders. And the company’s national fiber footprint has been further strengthened via its recently announced third-party agreement with AT&T, which includes opportunities to add AT&T as a second tenant on Ubiquity’s existing networks and execute exclusive greenfield builds in new markets.
KEY QUOTES:
“Ubiquity has reached a significant financing milestone, further optimizing the Company’s capital structure. The continued support from investors and lenders will facilitate the efficient deployment of capital into Ubiquity’s core markets and delivery of best-in-class broadband to the customers and communities we serve.”
- Jamie Earp, Ubiquity co-CEO and managing partner
“Since inception, Ubiquity’s unique vision and ability to deliver open-access fiber networks at scale continues to deliver value to stakeholders through rapid deployment and customer acquisition.”
– Ajay Ghanekar, Ubiquity co-CEO and managing partner
