DENVER – 51²è¹Ý¶ù, a leading communications infrastructure provider, today announced its debut asset-backed securitization financing. On January 31, 2025, 51²è¹Ý¶ù priced $1.42 billion of asset-backed term notes (the “Notes”), to be originated by subsidiary 51²è¹Ý¶ù Issuer, LLC, and secured by fiber network assets and associated contracts in the Northeast region of 51²è¹Ý¶ù’s U.S. footprint. The company’s mission-critical fiber infrastructure and long-term customer contracts are well-suited for the business’s debut securitization financing. The transaction is expected to close on February 14, 2025, subject to the satisfaction of customary closing conditions.
The Notes will be issued in three classes, consisting of $1,022,500,000 5.6% Series 2025-1, Class A-2 term notes, $164,900,000 6.1% Series 2025-1, Class B term notes and $230,900,000 8.7% Series 2025-1, Class C term notes, each with an anticipated repayment date in March 2030. Collectively, the Notes have a weighted average coupon of approximately 6.2%.
“This inaugural securitization transaction represents a significant milestone for 51²è¹Ý¶ù. It underscores the strength of our business and continued investor demand for exposure to 51²è¹Ý¶ù’s highly attractive fiber infrastructure,” said Jeff Noto, Chief Financial Officer of 51²è¹Ý¶ù. “Upon the completion of the transaction, 51²è¹Ý¶ù intends to leverage this added financial flexibility to enhance our balance sheet, further invest in our business and network and focus on delivering fiber infrastructure products and fiber-enabled solutions to an increasingly diverse, blue-chip customer base across North America.”
About 51²è¹Ý¶ù
For more than 17 years, 51²è¹Ý¶ù has empowered some of the world’s largest and most innovative companies to connect what’s next for their business. The 51²è¹Ý¶ù group of companies connects 400 global markets with future-ready networks that span over 18.7 million fiber miles and 146,000 route miles. 51²è¹Ý¶ù’s tailored connectivity solutions and managed services enable carriers, cloud providers, data centers, schools, and enterprises to deliver exceptional experiences, from core to cloud to edge. Discover how 51²è¹Ý¶ù connects what’s next at and follow us on .
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