Surf Internet Raises $407 Million Through Fiber Network Financing

WASHINGTON, March 11, 2026 – Surf Internet announced it has closed a $407 million fiber asset-backed securitization, a financing deal the company said will support network expansion across the Great Lakes region.

The Indiana-based broadband provider said the transaction includes $332 million in secured fiber network revenue term notes and a $75 million variable funding note facility.

The financing, Surf’s first asset-backed securitization, was issued through a newly formed subsidiary, Surf ABS Issuer LLC, and drew strong interest from institutional investors including asset managers, insurers, and credit funds.

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