Intrepid Fiber Upsizes Credit Facility To $425m For Fiber Expansion

Intrepid Fiber Upsizes Credit Facility to $425M for Fiber Expansion

BROOMFIELD, Colo. — June 26, 2025 — (BUSINESS WIRE) — Intrepid Fiber Networks, a Brookfield Infrastructure portfolio company and leading developer of open‑access fiber‑to‑the‑home (FTTH) infrastructure, today announced that it has increased the capacity of its senior secured credit facility to $425M. The upsized facility, arranged by Societe Generale, provides additional liquidity to accelerate Intrepid’s network deployments and pursue strategic growth opportunities across the United States.

“This expansion is a strong vote of confidence from the lending community for our strategy and the vital role fiber connectivity plays in economic growth,” said Jack Waters, Chief Executive Officer of Intrepid Fiber Networks. “With this additional capital we will continue to scale our open‑access platform, giving more communities reliable, multi‑gigabit service choice while delivering attractive returns to our investors.”

Tim Bruny, Chief Financial Officer, added, “By proactively upsizing the facility, we’ve fortified our balance sheet and secured flexible, attractively priced capital that allows us to draw as construction and customer milestones are achieved. This positions Intrepid to maintain its ambitious build cadence and evaluate strategic tuck‑in acquisitions.”

The proceeds will fund accelerated construction in Intrepid’s core Colorado and Minnesota markets, with additional future builds. This, along with strategic acquisitions of complementary fiber assets, will broaden Intrepid’s footprint and leverage its operating scale. Intrepid’s network reach is approaching 150,000 fiber passings to date, with an acceleration in buildouts over the past year.

Intrepid is the preeminent open-access platform and is uniquely positioned to capitalize on organic buildout and strategic transactions to achieve its growth objectives.

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