In a transaction that closed on May 23, 2023, Milbank LLP advised Hotwire Communications and certain of its subsidiaries (collectively, “Hotwire”) in a $534 million securitization of fiber revenues, representing Hotwire’s second issuance of notes backed by its lit fiber networks. This transaction follows the three digital infrastructure securitization transactions closed by the Milbank team in late April and early May 2023.
Headquartered in Florida with regional offices throughout the Southeastern US, Hotwire is a leader in fiber optic technology, providing cutting edge fiber-based telecommunication services to residential and enterprise customers.
The Milbank deal team was led by Alternative Investments partners Kathryn (Katie) Weiss and Michael Urschel along with Capital Markets partner Brett Nadritch, Executive Compensation and Employee Benefits partner Joel Krasnow, Tax partners Eschi Rahimi-Laridjani and Andrew Walker, special counsel Bert Eidson, Mandy Stupart and Craig Cohen, associates Amber Dong, Shermarkeh Hussein, Charlene Yin, Shuang Wu, Alex Becker and others.
