Ropes & Gray Advises Tillman Fiber on a $1 Billion Infrastructure Financing Transaction

Ropes & Gray has advised Tillman FiberCo, LLC (“Tillman Fiber”), a leading developer of open-access fiber infrastructure, on its $815 million committed debt financing with a syndicate comprising Crédit Agricole Corporate and Investment Bank, Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Société Générale and Banco Santander, S.A., New York Branch.

The financing will support the deployment of fiber-to-the-home networks throughout Florida, with the new credit facility providing for up to $200 million of additional term loans.

This transaction further showcases Ropes & Gray’s expertise in digital infrastructure financings, building on recently completed deals for Tillman Infrastructure on its $500 million term loan facility and Frontier Communications on its inaugural $2.1 billion fiber broadband securitization.

The team was led by finance partner Michael Kazakevich (London), private equity partner Eric Issadore (San Francisco) and counsel Alexandru Mocanu (London) with support from associates Mohammed Al Rasheed, Shabdita Gupta, Priyambada Das, Kwame Adzatia, Chris Su and Natalie Ballesteros. Additional support was provided by asset management partner Anna Lawry (London).