Surf Gets Funding for Fiber Deployment in Great Lakes Region
Surf Internet announced Friday it raised $175 million in new equity funding and secured an upsized $300 million debt facility as it seeks to build out fiber in Indiana, Illinois and Michigan. “The equity investment was led by Macquarie Capital,…
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with participation from existing investors Bain Capital and Post Road Group,” the company said. “The debt upsize, led by DigitalBridge Credit, includes a new commitment from global investment group CDPQ, along with participation from Boundary Street Capital and Liberty Mutual Investments,” and builds on “Surf’s existing $200 million debt facility.”