Shared infrastructure provider Boldyn Networks US has completed a $1.2 billion debt financing as part of plans to expand its US footprint.

The company closed the debt financing, which consists of Senior Secured Credit Facilities and Fixed Rate Notes, last week.

Boldyn noted that the financing was supported by CIBC, who operated as its exclusive financial advisor, left lead arranger, administrative agent, and sole lead placement agent. 

At present, Boldyn is delivering neutral host and open access networks to core verticals including public transit and airports, universities and student housing, military bases and housing, US ports and industrial facilities, marquee sports and entertainment venues, and convention centers.

"This additional financing represents a major vote of confidence in Boldyn Networks and our ability to deliver on the demands of a rapidly evolving landscape," said Christos Karmis, CEO of Boldyn Networks US.

"We are navigating one of the most consequential times in wired and wireless innovation, where expectations across industries—from higher education and military applications to venues, sports, fan experiences, and private wireless networks—are evolving at an unprecedented pace."

Boldyn, formerly BAI Comms until the company rebranded its northern hemisphere operations two years ago, has connected more than 300 public venues globally, whilst simultaneously deploying its connectivity to 75 US military bases, with rights to deploy at an additional 40.

The company has connected 120,000 small cell sites and has deployed more than 50 private networks.

Boldyn didn't specify how exactly it will use the financing, but the company has recently conducted some acquisitions in Europe.

A couple of weeks ago Boldyn snapped up Germany-based private 5G specialist Smart Mobile Labs (SML) and last year it acquired Cellnex's private network business, Edzcom.