Credit line through GE Capital and Webster Bank enables FirstLight to expand its fiber network and take full advantage of robust market demand
Albany – FirstLight Fiber, a facilities-based telecommunications service provider operating in Upstate New York and Northern New England, announced today it has secured an expanded line of credit with its lenders GE Capital, and Webster Bank. The Company plans to leverage its larger line of credit to expand its fiber network further, to drive continued organic and strategic growth, and to support customer-related expansion.
“We are pleased with the strong support from GE Capital and Webster, both of whom are well-respected financial leaders in this industry. The expanded credit line provides the flexibility and resources necessary to allow FirstLight to continue investing in large-scale customer projects and positions FirstLight to continue to be the provider of choice for businesses and carriers seeking high quality communications solutions,” stated Kurt Van Wagenen, President and CEO of FirstLight.
To learn more about FirstLight Fiber and its suite of advanced telecommunications services, visit www.firstlight.net.
About FirstLight Fiber
FirstLight Fiber headquartered in Albany provides fiber optic data, Internet, data center and voice services to enterprise and carrier customers in Upstate New York and Northern New England with connectivity to Canada utilizing its own fiber optic network, which spans over 215,000 fiber miles connecting in excess of 1,600 lit locations. FirstLight offers a robust suite of advanced telecommunications products, including dedicated Internet access, Ethernet, traditional TDM solutions, SIP trunks, virtual PBX and audio-conferencing, managed commercial wireless systems, and data center services. FirstLight’s clientele includes national cellular providers and CLECs and many leading enterprises, spanning high tech manufacturing and research, hospitals and healthcare, banking and financial, secondary education, colleges and universities, and local and state governments. FirstLight is a portfolio company of Boston-based private equity firm Riverside Partners.