California-based dark fiber provider BIG Fiber closed a $250 million debt facility with an additional $100 million accordion feature.
The funding will allow BIG Fiber to accelerate the expansion of its core markets, including Atlanta and San Francisco. The latest expansion will bring BIG Fiber’s Atlanta and San Francisco Bay Area network capacity to 850 route miles and over 3 million fiber miles. Projects are currently under construction or contract, with phased Ready for Service (RFS) dates expected in early 2027.
“This financing ensures we have the scale to stay ahead of the escalating demand for modernized infrastructure enabling the AI ecosystem and the necessary digital highways for decades to come," Bruce Garrison, CEO of BIG Fiber, said in a statement.
Read the full release here.