Monday, August 3, 2009

FiberLight Raises $13 Million for its Network Rollout

FiberLight, which owns a 500,000-mile fiber network in key growth areas of the United States raised $13 million from CoBank in the company's first ever debt offering in the capital markets. The debt is comprised of a $10 million note and a $3 million revolving line of credit.

FiberLight's strength lies in its fiber assets throughout the southern half of the United States from Baltimore, Maryland to Miami and west as far as San Francisco. FiberLight's product offering includes a full portfolio of optical connectivity including dark fiber, Managed Wavelengths, Metro Ethernet from 10MB to 10Gig, and traditional SONET connectivity.