Gigstreem Closes First-Ever ABS Deal in the MDU Broadband Sector
Summary
Gigstreem closed its first-ever asset-backed securities deal in the multifamily broadband sector. The company says the financing will support expansion into more multifamily communities and strengthen its balance sheet. Investors backed the deal at a fixed rate, and the transaction received private credit ratings. Gigstreem says the capital will help it deliver fully funded internet and managed WiFi solutions to property owners and residents.
Funding
Amount
-
Total raised
Date
August 28, 2025
Announcement date
Investors
Crestline, Houlihan Lokey
Lead investors
Company
https://gigstreem.com
Funded company
Classifications
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applications
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