Michigan

Surf Internet Raises $407 Million Through Fiber Network Financing

Investor demand supports expansion across the Great Lakes region.

Sergio Romero

Mar 11, 2026 — 1 min read

Aerial view of a Surf Internet fiber service area in the Great Lakes region, from Surf Internet.

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.