Caisse de dépôt et placement du Québec (CDPQ) has joined a group of banks and institutional investors (including owner AMP Capital) to invest in Everstream Solutions, a U.S. fiber telecommunications company.
CDPQ provided $150 million to a senior financing facility for Everstream as part of a hybrid OpCo/HoldCo financing model to refinance Everstream's existing credit facilities and offer flexible capital for further network growth and densification across the Midwest and Mid-Atlantic United States.
“Alongside financial partners who truly understand what we do and focus on Everstream's long-term growth, we can build critical infrastructure and deploy more fiber to our business customers to create lasting value,” said Brett Lindsey, CEO of Everstream. “With the backing of a diverse group of lenders and institutional investors that includes CDPQ as part of our new debt capital arrangement, we're excited to fuel the next stage of our growth.”
Everstream
