Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, provided, on behalf of its clients, debt facilities to support the recapitalization of ALLO Communications.
Guggenheim Credit Services served as joint lead arranger for the transaction. TD Securities and its affiliates acted as left lead arranger and administrative agent. Guggenheim Investments, on behalf of its managed accounts, and TD were the largest lenders.
ALLO is a provider of fiber-to-the-premise (FTTP) services, including internet, voice and video, to residential and commercial customers across 12 markets in Nebraska and Colorado. Based in Imperial, NE, ALLO operates a 100% fiber network focusing on Tier II and Tier III markets. ALLO is a portfolio company of SDC Capital Partners, a global digital infrastructure investor.
“We are pleased to invest in ALLO Communications on behalf of our clients alongside SDC. The ALLO team has built an exceptional business in the broadband services sector, which we believe is poised for significant growth from working-from-home and online learning,” Taylor Harrington, a director in Guggenheim Investments’ corporate credit division, said.
