Conterra Networks Announces New Equity Investment

  • Conterra Networks

CHARLOTTE, NC Conterra Ultra Broadband Holdings announced Fiera Infrastructure, a global mid-market direct infrastructure investor and an affiliate of Fiera Capital Corporation, has acquired an indirect equity interest in the Company from Court Square Capital Partners and certain other indirect equity holders of Conterra, including members of Conterra's management team. Conterra is one of the largest independent fiber bandwidth providers in the United States with networks that span 21 states in the Southeast, South Central and Western United States. Fiera Infrastructure's investment in Conterra will be added to its open-ended global mid-market infrastructure fund.

Conterra, headquartered in Charlotte, North Carolina, is a national provider of bandwidth infrastructure services, specializing in the design, deployment and operation of customized broadband networks, largely in underserved areas. Conterra's 11,100-route mile fiber network brings high-capacity middle and last-mile broadband services to enterprise, carrier and education customers.

Conterra Networks also announced the closing today of $365 million of new first lien and second lien debt facilities, strengthening the Company's long-term capital structure and positioning it for further growth as a leading provider of fiber bandwidth services. A portion of the proceeds were used to repay all outstanding amounts under the Company's former credit agreements. Conterra's senior debt facilities will now be monitored and rated by Moody's and Standard & Poor's.




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