#USA #Goldman Sachs #Charlotte, North Carolina #Ubiquity #Deutsche Bank

Ubiquity Expands Green Construction Credit Facility to $350 Million

Ubiquity, a key player in the digital communications infrastructure sector, has recently announced a significant increase to its Green Construction Credit Facility, raising the total amount to $350 million. This surge of $75 million in debt financing is poised to facilitate the company's plans for expanding its last-mile open-access fiber networks across the United States, connecting underserved communities to vital digital infrastructure.

Details of the Facility Upsize

The strategic upsize was spearheaded by Deutsche Bank Private Credit and Infrastructure, which joins other financial heavyweights in this venture, including Goldman Sachs, serving as the structuring bank and left lead arranger, and Nomura, acting as a joint lead arranger. The backing for this facility also comes from equity contributions by existing sponsors, Generate Capital, PBC, and 1248 Holdings. This collaboration reflects a commitment to sustainable and environmentally friendly financing practices, aligning with the Green Loan Principles.

“Ubiquity is honored to welcome Deutsche Bank into our Green Construction Credit Facility, and we appreciate the continued support from Goldman Sachs, Nomura, and our entire lending group,” said Jamie Earp and Ajay Ghanekar, co-CEOs and Managing Partners of Ubiquity. Their confidence in securing this financial backing positions Ubiquity for necessary scale, ensuring robust returns and long-term stability in an increasingly competitive landscape.

Commitment to Connectivity

As a digital communications infrastructure owner and operator, Ubiquity is dedicated to enhancing connectivity through its expansive open-access fiber network. The company partners with various Internet Service Providers (ISPs), wireless carriers, utilities, and municipalities to deliver critical connectivity solutions. This commitment is particularly crucial for communities that lack adequate digital access, as Ubiquity strives to bridge the digital divide.

With a focus on last-mile connectivity, Ubiquity's fiber platform stands out as one of the largest and fastest-growing networks in the United States. Their innovative approach not only emphasizes technological advancement but also prioritizes sustainability and environmental responsibility, reflecting a broader trend in the industry towards greener practices.

Future Prospects

Ubiquity's expansion plans are not only about growth; they are also about contributing to the broader goal of accessible digital communication for all. The infusion of capital from this newly upsized credit facility will empower Ubiquity to enhance infrastructure and improve service delivery, ensuring that more communities have access to high-speed internet.

As the demand for reliable and fast internet continues to rise, initiatives like Ubiquity's are vital. This expansion signifies not just a financial uplift, but a commitment to fostering connectivity and sustainability within the fabric of American communities.

To learn more about Ubiquity's initiatives and the potential impact of this expansion, visit ubiqaitygp.com.