Ripple Fiber Expands Debt Capacity to $350 Million to Fuel Nationwide Fiber Network Growth
'This significant debt facility expansion represents a strong vote of confidence from our financial partners and reinforces our ability to execute our ambitious growth strategy,' said Greg Wilson, Founder and CEO of Ripple Fiber.
This substantial debt package is supported by an additional equity from Ripple Fiber's current sponsors. This commitment comes on the heels of the company's strategic merger completion with HyperFiber, which formally combined the companies under the unified Ripple Fiber brand and leadership. With this expanded debt capacity, Ripple Fiber is now exceptionally well-positioned to execute on its near-term build plan with operations in 10 states by the end of 2025.
'This significant debt facility expansion represents a strong vote of confidence from our financial partners and reinforces our ability to execute our ambitious growth strategy,' said Greg Wilson, Founder and CEO of Ripple Fiber. 'Having recently completed our strategic merger with HyperFiber and now securing this enhanced financial flexibility, we are exceptionally well-positioned to accelerate our deployment of next-generation fiber infrastructure to communities nationwide and have ensured that our capital planning allows us to focus on speed of deployment.'
The expanded credit facility and further equity commitment from Ripple Fiber's current sponsors provide the capital resources to maintain and enhance the company's position as one of the fastest-growing independent FTTH (Fiber-to-the-Home) providers in the country. Ripple Fiber has already deployed over 170,000 fiber passings across seven states, adding more than 100,000 passings and 13,000 subscribers in the last twelve months alone. The company has developed a clearly defined strategic growth path to expand its fiber footprint nationwide.
'As we've demonstrated our ability to efficiently deploy capital and achieve strong market penetration rates, our partners have enthusiastically increased their commitment to Ripple Fiber's growth story,' said Stuart van der Veen, Board Member of Ripple Fiber. 'The strength of the company's AI-driven market selection technology, coupled with a disciplined approach to capital deployment, enables us to ramp up our build engine and develop multiple markets concurrently. This expanded debt facility provides the runway we need to capitalize on the significant opportunities we've identified across our target markets.'
Post Road Group, who has been a key financial partner to Ripple Fiber, continues its support with this transaction. 'Ripple Fiber is building critical infrastructure to connect communities across the country, and we're proud to support their continued expansion. The team has demonstrated strong execution, disciplined market entry, and a thoughtful approach to scaling. This expanded credit facility reflects our conviction in both the Ripple platform and the broader opportunity to deliver competitive fiber infrastructure to underserved communities nationwide,' added Sean Elliott, Vice President of Post Road Group.
The increased capital will support Ripple Fiber's continued network buildout, which currently spans across North Carolina, South Carolina, Florida, Arkansas, Colorado, Michigan, and Massachusetts. The company is in the advanced stages of extending its footprint into four additional states as part of its national expansion strategy.
Ripple Fiber's leadership team, with over 200 years of combined telecom industry experience and a proven track record of successful strategic transactions, is uniquely positioned to capitalize on this expanded financial capacity to drive the company's ambitious growth trajectory.
ABOUT RIPPLE FIBER
Founded in 2021, Ripple Fiber provides thousands of homes with the brightest and fastest fiber internet solutions, powered by a 10Gig, 100 percent fiber optic network. With its patented technology driving rapid expansion, Ripple Fiber is redefining connectivity for its communities while remaining committed to promoting digital empowerment. Ripple Fiber believes the biggest wave starts as a ripple. For more information, please visit ripplefiber.com.
Post Road Group is an alternative investment advisory firm located in Stamford, CT with more than $2.4 billion in assets under management. Post Road originates and executes investments across four distinct complementary strategies: Corporate, Real Estate Credit, Real Estate Equity and Specialty Finance. Since its founding in 2015, the firm has invested and committed over $3.5 billion of capital on behalf of institutional investors across the world. Post Road's Corporate strategy makes private credit, private equity and structured equity investments in the Digital Infrastructure, Telecommunications, Media, Software and Business Service industries. To learn more, visit www.postroadgroup.com.
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