...The transaction is a fiber-network revenue securitization supported by payments under customer contracts and the related fiber network assets of the obligors. The assets primarily include installed fiber-to-the-home (FTTH) infrastructure serving bulk and retail communities, customer contracts, related easements, rights of use and other access arrangements. The notes will be secured by a first-priority perfected, security interest in the collateral, which includes customer contracts, conduit, fiber optic cables, easements, transaction accounts, and equipment, in addition to the equity interests in the issuer and asset entities and other rights and assets of the obligors. The collateral supports the provision of high-speed internet, video, voice and ancillary services. The portfolio serves primarily bulk communities -- including homeowners' associations (HOAs), condominium associations (COAs) and secondarily multi-dwelling units under long-term bulk contracts, typically with terms of approximately...
