Natixis C&I Bank leads debt financing for FirstLight Fiber project
Editorial StaffThe Facts -
- Natixis CIB has closed a five-year infrastructure debt financing package for FirstLight Fiber.
- The funding will refinance FirstLight's existing credit facilities and support future capital needs.
- Natixis CIB is a leading global financial institution providing advisory and investment banking services.
Natixis CIB Closes Five-Year Financing Package for FirstLight Fiber
On May 28, 2024, Natixis Corporate & Investment Banking (CIB) secured a five-year senior infrastructure debt financing package for FirstLight Fiber, the top independent fiber bandwidth infrastructure provider in Northeast US. FirstLight Fiber, with a network spanning over 25,000 route miles and 125,000 addressable locations, is owned by Antin Infrastructure Partners.
Natixis CIB, acting as Coordinating Lead Arrangers alongside BBVA, J.P. Morgan, Société Générale, SMBC, and TD Securities, will use the funds from the financing package to refinance FirstLight Fiber's existing credit facilities and support future capital expenditure needs. This move prepares the way for FirstLight Fiber’s growth and footprint expansion.
Kevin Genieser, Managing Partner at Antin Infrastructure Partners and FirstLight Board Member, expressed pride in securing the innovative financing from their core relationship banks. He indicated that it's an exciting development positioning FirstLight favorably for the future.
Damien Auguste, Natixis CIB's Executive Director of Infrastructure & Energy Finance, highlighted the company's track record in leading digital infrastructure financings globally, and noted that this transaction strengthens their regional and sectorial leadership position.
About Natixis Corporate & Investment Banking
Natixis Corporate & Investment Banking, a leading global financial institution, provides advisory, investment banking, financing, corporate banking, and capital markets services worldwide. Their teams guide clients in strategic development, business growth, and transformation, and help reduce their environmental impact. With a commitment to aligning their financing portfolio with a carbon neutrality path by 2050, Natixis CIB is part of Groupe BPCE, France's second-largest banking group, and enjoys solid financial ratings.
Press contacts: Tara Flanagan, Prosek Partners – +1 646 818 9022, [email protected]
Find more about Natixis Corporate & Investment Banking at cib.natixis.com and connect with them on LinkedIn, Twitter, Instagram, and YouTube.
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