Expanded debt facility strengthens Intrepid’s balance sheet and supports rapid build‑out of open‑access networks

Intrepid Fiber Networks, a Brookfield Infrastructure portfolio company and leading developer of open‑access fiber‑to‑the‑home (FTTH) infrastructure, today announced that it has increased the capacity of its senior secured credit facility to $425M. The upsized facility, arranged by Societe Generale, provides additional liquidity to accelerate Intrepid’s network deployments and pursue strategic growth opportunities across the United States.

“This expansion is a strong vote of confidence from the lending community for our strategy and the vital role fiber connectivity plays in economic growth,” said Jack Waters, Chief Executive Officer of Intrepid Fiber Networks. “With this additional capital we will continue to scale our open‑access platform, giving more communities reliable, multi‑gigabit service choice while delivering attractive returns to our investors.”

Tim Bruny, Chief Financial Officer, added, “By proactively upsizing the facility, we’ve fortified our balance sheet and secured flexible, attractively priced capital that allows us to draw as construction and customer milestones are achieved. This positions Intrepid to maintain its ambitious build cadence and evaluate strategic tuck‑in acquisitions.”

The proceeds will fund accelerated construction in Intrepid’s core Colorado and Minnesota markets, with additional future builds. This, along with strategic acquisitions of complementary fiber assets, will broaden Intrepid’s footprint and leverage its operating scale. Intrepid’s network reach is approaching 150,000 fiber passings to date, with an acceleration in buildouts over the past year.

Intrepid is the preeminent open-access platform and is uniquely positioned to capitalize on organic buildout and strategic transactions to achieve its growth objectives.

About Intrepid Fiber Networks

Founded in 2021, Intrepid Fiber was launched by Brookfield Asset Management, one of the world’s largest investment groups, as a pioneering Fiber-to-the-Premises platform championing a Wholesale Open Access Model. Intrepid’s mission is to deliver world-class fiber to communities throughout the United States and meet the broadband demands of the future.

To learn more, please visit intrepidfiber.com.

Forward-Looking Statements

Certain statements contained herein or made by management constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations about our plans and future performance and speak only as of the date of this press release. We do not undertake to update these statements. Our expectations (or the underlying assumptions) may change or not be realized, and you should not unduly rely on forward-looking statements.

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“With this additional capital we will continue to scale our open‑access platform, giving more communities reliable, multi‑gigabit service choice while delivering attractive returns to our investors.”