KBRA Assigns Preliminary Ratings to Ezee Fiber Funding, LLC, Series 2026-1
20 Jul 2026 | New York
KBRA assigns preliminary ratings to the Series 2026-1, Class A-1-L Notes, Class A-1-V Notes, Class A-2 Notes, Class B Notes and Class C Notes (the Series 2026-1 Notes) from Ezee Fiber Funding, LLC (the Issuer), a communications infrastructure securitization.
The transaction represents the Issuer’s first securitization. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes subject to certain conditions, including rating agency confirmation. The proceeds from the Series 2026-1 Notes are being used to pay transaction fees and expenses, fund transaction accounts, repay existing indebtedness, make distributions to the manager’s equity holders and for general corporate purposes which may include growth capital expenditures.
Ezee Fiber (the Manager or the Company) will manage the fiber networks, customer agreements and other fiber network assets. The securitized assets include current and future fiber-to-the-premises (FTTP) infrastructure, as well as enterprise and wholesale fiber assets.
As of April 30, 2026 (the Series 2026-1 Cut-Off Date), the collateral included approximately 130,000 customer connections generating Monthly Recurring Revenue (MRR) of approximately $12.0 million. Contributed Markets span three states: Texas, New Mexico and Washington.
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