Conterra, an independent fiber operator delivering high-bandwidth connectivity services to underserved markets in the Southeast and South Central United States, has undertaken a refinancing with the help of DC Advisory, the international investment bank and subsidiary of Daiwa Securities.
Conterra appointed DC Advisory financial adviser to provide debt advice on the refinancing and restructuring of its existing Term Loan B facilities.
DC Advisory said it ran a comprehensive refinancing process, targeting new banks and institutional investors with the aim of establishing a long-term financing platform to support Conterra’s future growth. As a result, DC Advisory DC Advisory successfully delivered a flexible debt structure for Conterra, provided by a club of banks and institutions. Key highlights of note are an investment-grade, rated multi-creditor OpCo financing, which includes term facilities of seven to 12 years, and committed revolving-debt facilities to support C