AMERICAS DISTRESS DAILY: Brightspeed Seeks Up to $2.25 Billion

March 21, 2025, 12:18 PM UTC

Brightspeed is seeking additional funding from investors to expand its fiber optic network, with plans to seek $1.25 billion to $2.25 billion in fresh financing, according to people familiar with the matter.

The company may structure as much as $575 million of that as a private placement while other portions could involve the fiber securitization market. Brightspeed’s debt restructuring last summer alleviated liquidity pressures, but ratings firms still expressed concerns about high financial leverage and execution risks.

In Other News:

  • Argentina’s debt woes deepen as the government fails to negotiate a settlement with Burford Capital over a $17 billion court ...





Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.