Everstream secures another $140 million to fuel network expansion

Everstream announced that it has secured another $140 million in debt financing that will help fund its expansion plans and growth strategy through June 2022.

Ever-expanding Everstream, a Cleveland-based, business-only fiber-internet provider, notes that those plans including branching into seven new markets, densifying existing markets and “connecting thousands of macro towers across its 10-state footprint with high-capacity fiber connectivity.” The company has previously said the new markets it’s building into comprise: Fort Wayne and South Bend, Indiana; Lexington and Louisville, Kentucky; and Cincinnati, Dayton and Toledo, Ohio.

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Story excerpt provided by Crain’s Cleveland Business.

Written by Jeremy Nobile.

Originally published July 13, 2021.