Bluebird secures $285 million five-year credit facility

Bluebird Network has announced it has secured a $285 million five-year credit facility which will be used to refinance its existing debt and will fund ongoing capital expenditures, including network upgrades, expansion into new markets, and an awarded Middle Mile grant build.

The company added that the financing will aid its dream to have a fiber presence in 80 percent of cities with a population of 10,000 people or more across its 11-state footprint in the Midwest.

Michael Morey, president and CEO of Bluebird Network said, “The upsized credit facilities will enable us to execute goals we've laid out for 2024 and beyond. This includes growing our fiber network and continuing to take advantage of strategic opportunities as they may arise.”