Midwestern telecom provider Great Plains Communications (GPC) announced the successful closing of $500 million in financing, which will be used to refinance debt and fund future capital expenditures and expansion. Fifth Third Bank acted as lead arranger and administrative agent for this transaction.
“This financing highlights the strength of our business model and our steadfast focus on delivering fast, reliable fiber solutions to our customers and communities,” said Nick Wilkin, GPC’s CFO. “It enables us to further expand and enhance our network, optimize operations and support advanced technologies -delivering exceptional connectivity to current and future customers.”
The capital infusion equips GPC to meet growing demand for advanced fiber solutions across residential, business and wholesale markets, while also reaffirming the company’s focus on customer-centric innovation.
“Our fiber-forward strategy is designed to deliver sustainable growth while creating long-term value for our investors, customers and communities,” said Great Plains’ CEO, Todd Foje. “The financing ensures we can accelerate our expansion and provide the robust infrastructure required to support economic development and advancement in today’s digital economy.”
As the owner and operator of one of the largest privately-owned fiber networks in the Midwest, GPC continues to address the increasing demand for bandwidth-intensive applications, including data center and cloud connectivity, telemedicine, gaming and streaming video with key network upgrades. These strategic investments reinforce GPC’s leadership in the telecommunications space while driving innovation and empowering the communities it serves.
