Lumos Signs $1.1 Billion Sustainability-Linked Infrastructure Debt Financing

Lumos Fiber successfully signed a $1.1 billion sustainability-linked infrastructure financing to fund its ambitious fiber roll-out plans and refinance existing indebtedness. This represents the first ever project finance style fiber-to-the-home (FTTH) infrastructure financing in the US for an existing and integrated FTTH platform, and the first US FTTH sustainability-linked financing structure. This new financing underscores Lumos’ position as a leading US FTTH provider with a state-of-the-art roll-out machine and scale capabilities as well as the company’s continued commitment to environmental, social, and corporate governance (ESG). As a fiber internet provider, Lumos aims to drive positive change and progress within the telecommunications industry as a responsible environmental, economic, and social steward. This new financing facility includes a sustainability-linked mechanism, whereby the interest rate on the loan will be linked to several targets in line with Lumos and EQT’s overall mission.