Simpson Thacher advised Stonepeak in connection with its C$1.6 billion recapitalization of Xplore Inc., a leading provider of high-speed broadband services to Canadians in rural communities. More than C$1.6 billion of new funding has been committed for fibre network expansion through both private investment and multiple federal and provincial government broadband programs. The private investment is being led by Xplore’s controlling shareholder, Stonepeak, and includes other institutional investors.
Xplore Inc. is Canada’s fibre and 5G broadband company for rural living. Xplore is committed to the relentless pursuit of an improved broadband experience for all Canadians. Xplore is building world-class fibre optic and 5G wireless networks to enable innovative broadband services for better every day rural living, for today and future generations.
The Simpson Thacher team included Eli Hunt and Si Sun (M&A); Elisha Graff and Ashley Gherlone (Restructuring); Brian Gluck and Dorothy Hector (Credit); Jonathan Karen, Deborah Gruen, Demetrius Baefsky, Sara Asrat and Shuchen Gong (Funds); and Jonathan Goldstein, Jacqueline Clinton and Mohanad Salaimi (Tax).