Chicago — Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the closing of a senior credit facility to support the growth of Archtop Fiber (“Archtop”) by Post Road Group.
Based in Kingston, New York, Archtop is a provider of multi-gig, 100%-fiber internet and phone service to residential and business customers across the Northeast. Since early 2024, Archtop has launched service in Kingston, Saugerties, Rhinebeck, Hudson, Warwick, and Woodstock, New York and Vernon, New Jersey. The company plans to continue serving underserved communities and further expand its cutting-edge service offerings and geographic footprint in the Northeast.
“The Archtop platform is a major catalyst for digital transformation on the East Coast. Monroe’s Alternative Credit Solutions team is proud to complete another deal with Post Road Group and support the Archtop team,” said Kyle Asher, Managing Director & Co-Head, Alternative Credit Solutions of Monroe.
This transaction is representative of Monroe’s growing digital infrastructure finance practice within the Alternative Credit Solutions Group. In 2024, the Alternative Credit Solutions Group closed over 19 debt and equity transactions. The team has a broad investment mandate, flexible capital and prides itself not only on its “bottoms up” expertise but also on its ability to move quickly and efficiently and provide confidence of execution on complex transactions. Since its founding in 2004, the firm has been investing in asset-based transactions with attractive collateral, as well as cash flow and enterprise value-based loans.
