Summit Broadband, a fiber-optics telecommunications provider in Florida, announced the successful closing of an incremental $100 million debt facility and term expansion with Brookfield Asset Management. This funding is backed by financial sponsor Grain Management.
The additional funding will enable Summit Broadband to accelerate growth in both its established residential and expanding commercial segments. The company plans to further expand its advanced fiber-optic network, providing faster and more reliable internet services.
Brookfield's Infrastructure Debt business is continuing its partnership with Summit Broadband, increasing its existing debt facility. This investment supports the build-out and expansion of critical fiber network infrastructure in Florida.
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