Milbank LLP represented six international banks with a strong franchise in digital infrastructure, including BBVA, J.P. Morgan, Natixis, Société Générale, SMBC, and TD Securities, in connection with a five-year senior secured infrastructure debt financing package for FirstLight Fiber, the largest independent fiber bandwidth infrastructure provider in the Northeast US. The package will be used to refinance FirstLight’s existing financing and support its future capital expenditure needs. FirstLight Fiber is owned by funds managed by Antin Infrastructure Partners.
“We are pleased to have advised on this sophisticated financing for FirstLight, which will optimize its capital structure and further position FirstLight for future growth,” said Global Project, Energy and Infrastructure Finance partner Jaime Ramirez. “This innovative financing will enable FirstLight to continue to expand its critical digital infrastructure to the Northeast and mid-Atlantic region,” added Dan Bartfeld, partner and chair of the firm’s Global Project, Energy and Infrastructure Finance Group.
The Milbank team was led by Mr. Ramirez with special counsel Tim Fitzpatrick, associates Vince El Hayek, Upasana Guha Niyogi and Natália d'Avila, and Mr. Bartfeld.
Milbank’s Digital Infrastructure Group is active in many of the most high-profile transactions in the data center, GPU, wafer/semiconductor and fiber space, including through project financings, real estate finance, securitizations and M&A. Milbank’s cross-practice team is made up of market-leading lawyers with experience across the entire digital value chain to provide a unique offering reflecting the hybrid nature of digital infrastructure transactions.
