Guggenheim Provides Debt Facilities to Support the Recapitalization of ALLO Communications in Partnership with SDC Capital Partners
February 08, 2021 at 14:00 PM EST
NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, announced today it has provided, on behalf of its clients, debt facilities to support the recapitalization of ALLO Communications (“ALLO”), a portfolio company of leading global digital infrastructure investor, SDC Capital Partners, LLC (“SDC”).
Guggenheim Credit Services, LLC served as Joint Lead Arranger for the transaction. TD Securities (USA) LLC (“TD”) and its affiliates acted as Left Lead Arranger and Administrative Agent. Guggenheim Investments, on behalf of its managed accounts, and TD, were the largest lenders.
ALLO is a leading provider of fiber-to-the-premise ("FTTP") services, including internet, voice and video, to residential and commercial customers across 12 markets in Nebraska and Colorado. Based in Imperial, Nebraska, ALLO operates a 100% fiber network focusing on Tier II and Tier III markets.
“We are pleased to invest in ALLO Communications on behalf of our clients alongside SDC. The ALLO team has built an exceptional business in the broadband services sector, which we believe is poised for significant growth from working-from-home and online learning,” said Taylor Harrington, a Director in Guggenheim Investments’ Corporate Credit division.
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