BIG Fiber secures $250M credit facility for digital infrastructure

BIG Fiber closed a $250 million debt facility with an additional $100 million accordion feature. The financing was led by Stonepeak Credit and La Caisse and provides capital to accelerate expansion in core U.S. markets. The facility follows BIG Fiber’s 2024 milestone of the first green loan in the dark fiber sector and increases the company’s financial scaling capacity. Proceeds will refinance existing debt, provide new capital, and create headroom for major network expansions already underway. Plans include a multi-market buildout in Greater Atlanta, adding more than 205 route miles and 165,000 fiber miles to the company’s footprint. The funding supports mission-critical digital infrastructure needs driven by AI-era demand.

"BIG Fiber, a leading provider of high-capacity dark fiber infrastructure, announced the closing of a $250 million debt facility with an additional $100 million accordion feature. The financing, led by Stonepeak Credit and La Caisse (formerly CDPQ), provides BIG Fiber with significant capital to accelerate the expansion of its core markets and reinforces its position as the premier provider of mission-critical digital infrastructure in the U.S."

"The new credit facility follows BIG Fiber's 2024 milestone, the first-ever green loan in the dark fiber sector, and marks a significant scaling of the company's financial capacity. Backed by sponsors Columbia Capital and SDC Capital Partners, the expansion of BIG Fiber's debt facility and the infusion of new capital ensure the company remains well-positioned to meet the escalating infrastructure demands of the AI era."

"Proceeds of the facility will be used to refinance existing debt, provide new capital and facilitate the necessary headroom for major network expansions already underway. This includes a significant multi-market buildout in Greater Atlanta, adding over 205 route miles and 165,000 fiber miles to BIG Fiber's existing market-leading footprint."

"“This financing ensures we have the scale to stay ahead of the escalating demand for modernized infrastructure enabling the AI ecosystem and the necessary digital highways for decades to come.”"

Read at Telecompetitor