Ripple Fiber Secures Partnership with Leading Infrastructure Debt Fund to Accelerate Fiber Optic Network Deployment Across the Nation [Yahoo! Finance]
Houlihan Lokey, Inc. Class A (HLI)
Last houlihan lokey, inc. class a earnings: 2/3 04:15 pm
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Source: Yahoo! Finance
CHARLOTTE, N.C., June 11, 2024 BUSINESS WIRE Ripple Fiber , a fiber optic internet provider based in Charlotte, North Carolina, announces its partnership with Post Road Group, an alternative investment firm focused on digital infrastructure and real estate. With assistance from its platform holding company, Glass Routes, and sister entity, HyperFiber , this transaction will play a pivotal role in the rapid expansion of multiple networks, providing capital for deployment to over 400,000 homes by December 2025. Houlihan Lokey acted as the exclusive financial advisor and placement agent, with Platform Investment Partners as a key sponsor. "This transaction serves as a critical step as we move from equity to debt funding in the progress of Ripple Fiber's business model as we aim to rapidly expand across the country," says Greg Wilson, Founder and CEO of Ripple Fiber. "It also marks a key milestone for this seasoned sponsor grouping as collaborations like these strengthen deployment str
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