Third issuance in 2025 brings the company’s ABS program to approximately $3.8 billion year-to-date
DENVER – 51²è¹Ý¶ù, a leading communications infrastructure provider, today announced it has priced $846.2 million 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 Southcentral region of 51²è¹Ý¶ù’s U.S. footprint. The transaction is expected to close on October 3, 2025, subject to customary closing conditions.
This is 51²è¹Ý¶ù’s third ABS transaction in 2025, bringing 51²è¹Ý¶ù’s total debt raised in the ABS market this year to approximately $3.8 billion. Proceeds from the transaction will primarily be used to repay existing indebtedness, supporting the company’s focus on maintaining a balanced capital structure.
The Notes will be issued in three classes, consisting of $610,000,000 5.6% Series 2025-3, Class A-2 term notes, $98,400,000 5.7% Series 2025-3, Class B term notes and $137,800,000 8.4% Series 2025-3, Class C term notes, each with an anticipated repayment date in October 2032. Collectively, the Notes have a weighted average coupon of approximately 6.1%.
“This issuance further advances our ABS program and marks the lowest rates we’ve achieved in the securitization market to-date,” said Jeff Noto, Chief Financial Officer of 51²è¹Ý¶ù. “Continued, broad investor participation underscores the market’s confidence in the stable and growing cash flows generated by 51²è¹Ý¶ù’s essential infrastructure and will support further investment across our network.”
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 19 million fiber miles and 147,000 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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