FirstLight Fiber, an independent fiber bandwidth infrastructure provider, owned by funds managed by Antin Infrastructure Partners, raised $120 million in new strategic debt financing. This transaction follows the five-year senior secured infrastructure debt financing package the company announced in April 2024. The financing was led by Sixth Street, a global investment firm, with participation from Palistar Capital, an alternative asset manager.
“We have continued to strengthen our balance sheet by working with partners who understand our business, and this new financing provides us with added flexibility as we execute our growth strategy,” Jason Campbell, CEO of FirstLight, said.
“We are proud to have closed this debt transaction with experienced digital infrastructure financing partners like Sixth Street and Palistar,” Kevin Genieser, managing partner at Antin Infrastructure Partners and FirstLight board member, said. “We are excited for FirstLight’s next chapter alongside them.”
Ropes and Gray represented FirstLight and Antin in the transaction. Milbank served as legal adviser to Sixth Street and Palistar Capital.
