Boldyn Networks raises $1.2B to drive U.S. growth effort
Boldyn Networks US has completed nearly $1.2 billion in debt financing, consisting of Senior Secured Credit Facilities and Fixed-Rate Notes, to accelerate its capital investment and expand its footprint throughout the US market.
This funding comes as the company is actively delivering neutral host and open access networks to core verticals including public transit and airports, universities and student housing, military bases and housing, US ports and industrial facilities, marquee sports and entertainment venues, convention centers, and mixed-use and commercial real estate developments.
CIBC supported the financing as the Exclusive Financial Advisor, Left Lead Arranger, administrative Agent, and Sole Lead Placement Agent.
Boldyn said the new structure optimizes its overall cost of capital and its ability to fund large-scale infrastructure, facilitating cutting-edge connectivity solutions.
“We are navigating one of the most consequential times in wired and wireless innovation, where expectations across industries—from higher education and military applications to venues, sports, fan experiences, and private wireless networks—are evolving at an unprecedented pace,” said Christos Karmis, CEO of Boldyn Networks US.
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About the Author
Sean BuckleySean Buckley
Sean is the Editor-in-Chief of Lightwave. He establishes and executes Lightwave's editorial strategy across its website, email newsletters, events, and other information products. Before coming to Lightwave in July 2023, he served as editor of Broadband Communities. Earlier, he served as senior editor of FierceTelecom and the editor of the former Telecommunications Magazine. He got his start in the optical industry in 1998 when he became the editor of enterprise and optical networks at Information Gatekeepers. He has a BA in English from the University of Massachusetts, Boston, and lives in Dracut, Mass, with his wife, two sons, and his cat, Dove.
