Bluebird Network secures $285 million senior secured facilities

By Marisa Wong

Los Angeles, Dec. 15 – Bluebird Network said it received $285 million of five-year senior secured credit facilities, according to a press release.

Proceeds were used to refinance Bluebird’s existing debt and will fund ongoing capital expenditures including network upgrades, expansion into new markets and an awarded Middle Mile grant build.

TD Securities acted as lead left arranger on the financing and is the administrative agent for the credit facilities.

“The upsized credit facilities will enable us to execute goals we’ve laid out for 2024 and beyond. This includes growing our fiber network and continuing to take advantage of strategic opportunities as they may arise,” president and chief executive officer Michael Morey said in the press release.

Bluebird is a Columbia, Mo.-based communications infrastructure provider and data center operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.