PE-backed Xplornet Communications inks $158 mln funding deal
Woodstock, New Brunswick-based Xplornet Communications Inc, a rural broadband service provider, has raised $158 million in additional financing from new and existing investors. The funding, which consists of $148 million of new debt and equity and $10 million in refinanced debt, will be used to support the company's subscriber growth and to enhance its broadband network to meet demand. Founded in 2004, Xplornet is a portfolio company of U.S. private equity firms Sandler Capital Management and Catalyst Investors, Canadian firm Werklund Capital Corp, and other private investors.
29 October 2013•3 mins read
