FiberLightâ€™s Chief Financial Officer, Kevin Coyne, â€œWe are excited to replicate our growth year over year as we continue to bring diverse, redundant, customized fiber fed solutions to our customer base.Â In addition to this significant growth on the top line we are also delivering on the bottom line which grew 295%.â€
â€œOur continued sales growth and expansion of our high fiber count networks that are designed, engineered, built and maintained by FiberLight continue to allow us to secure a credit facility with CoBank at extremely favorable terms and rates.Â The facility will be used to refinance existing debt, fulfill customer contracts, and fund future success based opportunities,â€ said Kevin Coyne, FiberLightâ€™s Chief Financial Officer.
has undertaken numerous projects, including their largest build in the state of Texas, of which consists of 8,000 miles of fiber and a 100 Gig Long-haul network (called DASH) between Dallas/Ft.
Worth, Austin, San Antonio and Houston.Â â€œFiberLightâ€™s growth allows us to maintain some of the lowest leverage ratios in the industry.Â The refinancing component of this debt raise will cap off our efforts to lower our cost of capital providing additional savings and cash flow,â€ stated Mr. Coyne
Atlanta, GA - FiberLight, LLC, one of the nationâ€™s leading providers of mission critical, high performance fiber optic networks, announces that their Chief Financial Officer, Kevin Coyne will be taking part in Oppenheimers Fiber and Broadband Transport Panel in Boston on Tuesday, August 13th at 11:45am (ET).
will be speaking as part of the â€œFiber and Broadband Transportâ€ panel, as the panel will be concentrating on topics such as bandwidth evolution and its growing necessities, specific to different segments, and on additional topics such as financial predictions and investment notions throughout the industry.