Ubiquity, for its Netly Fiber Holdings, LLC portfolio business

Ubiquity-Plain.png

Solana Beach, CA

Company Description

Developer and provider of dense, carrier neutral, dark fiber networks and edge colocation data centers in Tier II and Tier III suburban markets.

Capital Solution

“Boundary Street understood our business plan based on their deep experience in the industry. The bespoke financing facility allowed us to complete builds in our early markets and bring connectivity to thousands of customers who previously lacked robust access.”

Ubiquity Management (Sponsor)

Boundary Street provided Netly with an asset-based loan subject to draw milestones and requirements customized to suit the company's development plan. 

Result

The investment in Netly was realized in 2021.

Ubiquity Management is a portfolio company sponsor and is not a Boundary Street client, investor, or beneficial owner and was not compensated for this testimonial.