FirstLight Fiber raises $39 million incremental term loan

By Sara Rosenberg

New York, Feb. 4 – FirstLight Fiber raised a fungible $39 million incremental term loan due July 2025 that is priced at Libor plus 350 basis points with a 0% Libor floor, according to a market source.

UBS Investment Bank, TD Bank and Mizuho are the joint lead arrangers on the deal.

Allocations went out on Wednesday and closing is expected on Friday, the source added.

Proceeds will be used to repay revolving credit facility borrowings and put cash to the balance sheet.

FirstLight, a portfolio company of Antin Infrastructure Partners, is an Albany, N.Y.-based fiber-optic bandwidth infrastructure services provider.

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