Utah Infrastructure Agency
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Size |
$30 Million Telecommunications Revenue Bonds |
| Client & Transactional Partners |
Utah Infrastructure Agency |
| Our Role |
Sole Manager |
Summary
On May 12, 2022, KeyBanc Capital Markets (KBCM) successfully closed the $30 million Tax-Exempt Telecommunications Revenue Bonds (the Series 2022 Project), Series 2022 (the 2022 Bonds) on behalf of the Utah Infrastructure Agency (UIA). A portion of the proceeds from the Series 2022 Bonds were used for the acquisition, construction, and installation of advanced communication lines, equipment and improvements, refreshment of major electronics, and related improvements and facilities as part of a fiber optic, open-access, advanced communications network. KBCM served as Sole Manager for the 2022 bonds.
The Series 2022 Project includes the construction of “last mile” or access-level fiber in defined footprints, lateral infrastructure to commercially zoned areas, “curb to the premises” construction and connection to the UIA/UTOPIA Network where available. UIA estimates that approximately 180,000 accessible addresses will have fiber available from the curb, with connection from the curb to the premises orderable.
