RBC, SunTrust Arrange Financing for UPN’s Zito Media Acquisition
Unite Private Networks (UPN) completed the acquisition of an 838 route mile fiber-optic network covering southeast Nebraska and the transfer of certain customer contracts from Zito Media. Debt financing for the transaction was arranged by RBC Capital Markets and SunTrust Robinson Humphrey. Participants in the bank facility include CoBank, TD Securities, Webster Bank, and Brown Brothers Harriman.
UPN provides high-bandwidth, fiber-based communications networks and related services to schools, governments, carriers, data centers, hospitals, and enterprise business customers located in 18 states, primarily in the Midwest U.S. The Zito fiber network is located throughout southeast Nebraska, with connectivity to existing UPN networks in the Omaha and Lincoln markets.
“We were able to efficiently work through all necessary regulatory approvals and other closing requirements. The transition and integration of the Zito assets, employees and customers has been fairly seamless. The new bank facility not only supports the Nebraska acquisition but also supports growth opportunities across all our markets. Our banking group has been great to work with and very supportive of our business financing needs,” said Matthew Van Hoesen, UPN CFO.
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