PE-backed Lightower Fiber Networks Closes $230M Financing

Lightower Fiber Networks, the Boxborough, Mass.-based fiber network company backed by M/C Venture Partners, Pamlico Capital and Ridgemont Equity Partners, closed a $230 million senior secured credit facility with GE Capital Media. The facility, consisting of a $40 million revolver and a $190 million term loan, will go toward the company’s deal to buy Lexent Metro Connect. With PE backing, Lightower has made multiple acquisitions in recent years.

DealsNorth AmericaUSBriefs