FirstLight Fiber plans new debt for buyout by Oak Hill Capital

By Sara Rosenberg

New York, March 24 – FirstLight Fiber is planning to get new debt financing to help fund its acquisition by Oak Hill Capital Partners from Riverside Partners, according to a news release.

TD Securities (USA) and Citizens Bank are the joint lead arrangers on the debt.

Closing is expected in the third quarter subject to customary regulatory approvals.

Upon closing, Riverside Partners is expected to continue as a minority investor in the company.

FirstLight Fiber is an Albany, N.Y.-based fiber-optic bandwidth infrastructure services provider.

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