ZenFi Networks, a leader of digital infrastructure solutions in the New York and New Jersey metro region, has secured $175 million in senior secured credit. The credit facility will be used to refinance existing debt and support continued growth initiatives as the company continues the build-out and expansion of the LinkNYC project throughout the five boroughs of New York City.
The transaction enables ZenFi Networks to expand its digital infrastructure network across the region, including support of its partnership with CityBridge, which operates one of the world’s largest public Wi-Fi networks, LinkNYC.
Recently announced, ZenFi Networks deploys, operates and expands reliable 5G network connectivity and free public Wi-Fi, using LinkNYC smart public communications structures across New York City.
Bank Street Group LLC served as the exclusive financial advisor and placement agent for ZenFi Networks in connection with the transaction. The new credit facility was led by TD Securities, Regions Securities and Societe Generale.
“ZenFi is a pure-play digital infrastructure platform serving the New York and New Jersey metro region. We are exclusively focused on solving the unique network challenges associated with mobile densification,” ZenFi Networks co-founder and CEO Ray LaChance (pictured) said.
