Everstream obtains additional $140 million in debt financing

By Rebecca Melvin

Concord, N.H., July 13 – Everstream has obtained an additional $140 million in debt financing with Webster Bank as lead arranger, according to a press release.

Joint lead arrangers include CoBank, Regions Financial Corp., Fifth Third Bank and TD Bank.

Everstream will use the financing to fund its growth strategy through June 2022, which includes expanding into seven new markets, densifying existing markets and connecting macro towers with high-capacity fiber connectivity.

The financing, which was oversubscribed by $40 million, brings the company’s total financing with this group of bankers to $567 million.

Everstream is a Cleveland-based network service provider.

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