Fiber firm Exa Infrastructure has refinanced its existing facilities and raised more than €1.3 billion ($1.52bn) in new financing.

The company, which provides digital infrastructure that connects Europe and North America, said the financing will support Exa’s “continued growth ambitions and network expansion plans.”

According to I Squared Capital-owned Exa, the new facility has been structured over seven years.

“This move gives us an unrivalled ability to continue investing in our network, at a time when our customers need growing amounts of capacity across more routes, to handle an evolving set of applications and demands,” said Jim Fagan (pictured), CEO, Exa Infrastructure.

“Our recent investments have already shown our strategic focus, and with this refinancing, Exa Infrastructure is firmly positioned to lead in network and digital infrastructure throughout Europe and across the Atlantic.”

Lenders for the refinancing include MUFG Bank Ltd., DNB, Banco Santander, Landesbank Baden-Württemberg, Lloyds Bank, NORD/LB, Goldman Sachs International Bank, NatWest, Kookmin Bank London Branch, Woori Bank London Branch, NIBC Bank, funds managed by Allianz Global Investors, and funds managed by Edmond de Rothschild Asset Management.

The company added that Rothschild & Co. is acting as debt advisors to Exa Infrastructure in connection with the refinancing, and Latham and Watkins LLP is acting as the company’s legal advisor. Simpson Thacher and Bartlett LLP is acting as the legal advisor to the lenders in connection with the transaction.

Earlier this year, Exa confirmed an agreement to acquire Aqua Comms from D9 for $48 million.

Exa currently owns 155,000 kilometers of fiber network across 37 countries, including six transatlantic cables.

In July, the company launched a new European fiber route, including a subsea cable connecting the UK to mainland Europe, connecting London to Frankfurt, Amsterdam, and Brussels.