Troutman Pepper Locke client Archtop Fiber (Archtop), a provider of multi-gig, 100%-fiber internet and phone service to residential and business customers across the Northeast, successfully closed on a new credit facility agented and led by Chicago-based Monroe Capital.
The credit facility provides Archtop with nearly $200 million in additional capital to execute its aggressive market expansion plans in the Northeast. Archtop is a portfolio company of Post Road Group, an alternative asset manager with an investment strategy focused on providing growth capital to digital infrastructure businesses. The investment supports immediate expansion initiatives and lays the foundation for further capital funding opportunities as Archtop’s all-fiber network expansion and company profile continue to grow in the region and industry.
The Troutman Pepper Locke team that represented Archtop in both the credit facility financing and in a series of acquisitions of fiber internet and phone service companies was led by George Ticknor, and included Pete Barrett, Peter Wynacht, Lori Basilico, Bob Baute, Jason Ulezalka, Jonathan Young, Jen Lisi, Nicole Chakraborty, Brandon Curtin, and Andrew Truong.
Troutman Pepper Locke’s Financial Services Group offers comprehensive support to financial services businesses in today’s challenging and ever-changing environment. Consistently recognized as a leading service provider to all segments of the financial services industry, the firm provides timely and practical counsel to guide clients with their most important decisions. From global financial institutions to small banks and non-bank financial service providers, clients depend on Troutman Pepper Locke to help them achieve their strategic and commercial goals while managing regulatory and litigation risk.
Original source can be found here.