Ritter Communications, a premier bandwidth infrastructure platform serving Arkansas, Texas, Missouri, Tennessee and Kentucky, announced today it has closed on an upsized $590 million debt refinance. Fifth Third Bank acted as left lead arranger and administrative agent on the transaction.
Ritter Communications announces the successful closure of a $590 million debt refinance to accelerate the expansion of RightFiber, its 100% fiber broadband service, across Arkansas, Texas, Missouri, Tennessee, and Kentucky, with new network expansions coming soon.
Ritter Communications announces the successful closure of a $590 million debt refinance to accelerate the expansion of RightFiber, its 100% fiber broadband service, across Arkansas, Texas, Missouri, Tennessee, and Kentucky, with new network expansions coming soon.
Ritter Communications, a portfolio company of Grain Management, has rapidly expanded RightFiber, the company’s 100% fiber broadband service, since 2021. RightFiber delivers multi-gig speeds and future proof connectivity, transforming the digital landscape of its communities.
“The additional funding positions Ritter Communications to continue our remarkable growth trajectory for the next several years,” said Ritter Communications CEO Heath Simpson. “This strategic investment supports our recently announced expansions into Fort Smith and Texarkana, Arkansas, Texarkana, Texas and Paducah, Kentucky with additional fiber network expansions coming very soon.”
Ritter Communications is the largest privately held telecommunications provider serving exclusively the Mid-South, offering world-class broadband fiber, telecom, video, cloud, and data center services. The company has grown rapidly over the years, investing millions recently in technology infrastructure and is now serving 155 communities and more than 57,000 customers in Arkansas, Texas, Missouri, Tennessee and Kentucky. Headquartered in Jonesboro, Arkansas, Ritter Communications invests heavily in the communities it serves by deploying proven, best-in-class infrastructure and technology, while coupling it with a world-class customer-focused experience.
