Intrepid Fiber Networks has announced an increase in its senior secured credit facility to $425 million, primarily aimed at boosting its fiber-to-the-home infrastructure. This financial move, arranged by Societe Generale, enhances liquidity to support rapid network deployments, particularly in Colorado and Minnesota. CEO Jack Waters pointed out that this funding will allow Intrepid to scale up its open-access platform, providing communities with multi-gigabit internet services. The firm’s growth strategy also includes potential acquisitions, as it looks to expand its operations and solidify its market position.
Intrepid Fiber Networks has successfully upsized its credit facility to $425 million, ensuring liquidity for accelerated network deployments and strategic growth opportunities.
The expansion reflects strong lending community confidence in Intrepid's strategy to enhance fiber connectivity, which is crucial for economic growth and community service.
CFO Tim Bruny emphasized that the upsized facility strengthens the balance sheet and provides flexible, attractively priced capital for ongoing construction.
With this capital, Intrepid aims to enlarge its network presence and pursue strategic acquisitions, bolstering its footprint across the United States.
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