Intrepid Fiber Networks, a Brookfield Infrastructure portfolio company and developer of open‑access fiber‑to‑the‑home infrastructure, has increased the capacity of its senior secured credit facility to $425 million. The upsized facility, arranged by Société Générale, provides additional liquidity to accelerate Intrepid’s network deployments and pursue strategic growth opportunities across the United States.
“This expansion is a strong vote of confidence from the lending community for our strategy and the vital role fiber connectivity plays in economic growth,” Jack Waters, CEO of Intrepid Fiber Networks, said. “With this additional capital we will continue to scale our open‑access platform, giving more communities reliable, multi‑gigabit service choice while delivering attractive returns to our investors.”
“By proactively upsizing the facility, we’ve fortified our balance sheet and secured flexible, attractively priced capital that allows us to draw as construction and customer milestones are achieved,” Tim Bruny, chief financial officer if Intrepid Fiber Networks, said. “This positions Intrepid to maintain its ambitious build cadence and evaluate strategic tuck‑in acquisitions.”
