US Capital Global to Provide $100MM Debt Financing for Laser Light Companies - News | ABL Advisor
Summary
Laser Light plans to use the new credit facilities to support its accelerated Beta roll-out of its next-generation data infrastructure across 5 continents in partnership with Nokia Technologies. With their support, along with, Nokias worldwide partnership, we will be able to accelerate our Beta deployment plans to address the ever-growing and dynamic demands for data globally, regionally, and at the Far Edge," stated Bob Brumley, Chairman and CEO of Laser Light Companies. "We are pleased to be offering our financial services to Laser Light Companies and supporting them with initial debt financing of $100 million. "Laser Light is being advised by DelMorgan & Co., an internationally recognized investment banking firm, as lead strategic transaction advisor in connection with the Laser Lights raising of equity and debt to enable the company to accelerate and scale its global deployment of infrastructure. "We are excited by the debt facility that has been offered to Laser Light by US Capital Global," stated Neil Morganbesser, President & CEO of DelMorgan, "and we are excited as we expect it to further unlock additional financing opportunities that will enable Laser Light to create the next-generation optical network, revolutionizing the availability of high-throughput / low-latency connectivity for users around the world."