""We are pleased to execute on our latest securitization transaction, which marks the lowest rates that we've achieved in the ABS market to date and reflects the company's continued growth and valuable fiber infrastructure," Fidium chief financial officer Fred Graffam said."
""We look forward to further expanding Fidium's fiber presence across our service territory with the support of our favorable, long-term capital structure.""
""Fidium's goal under his leadership is to continue growing at the rate that it had been for the previous three years, during which he said its fiber business had grown 35% to 40% annually.""
Fidium closed its third fiber-backed asset-backed securitization transaction, raising $664.6 million secured by revenue from fiber-enabled customers and infrastructure. The funds will repay current debts and support growth initiatives, including fiber network expansion. The transaction includes $501.2 million in Class A-2 notes, $77.4 million in Class B notes, and $86.0 million in Class C notes, all with a repayment date of March 2031. The weighted average coupon is approximately 5.4%. Fidium aims to expand its fiber presence with a favorable capital structure.
Read at Telecompetitor
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