Bug Tussel 1, LLC, in partnership with Fond du Lac County, WI, as the issuing county closed a $58 million bond offering, which will fund the deployment of broadband infrastructure in three rural Wisconsin counties: Fond du Lac, Outagamie, and Oneida.
The proceeds of the Series 2023 Bonds will be used to finance a multi-county broadband project for the purpose of constructing fiber optic transport facilities, wireless communication towers, wireless broadband equipment and other infrastructure to provide and promote broadband services to businesses, governmental units and residents of rural communities where such service is currently unavailable, unreliable, has inadequate speeds or is prohibitively expensive.
Overall, Bug Tussel will deploy more than 1,200 miles of fiber and 66 communications towers. In total, Bug Tussel—a subsidiary of Green Bay, Wisconsin-based Hilbert Communications, LLC—working with its legal counsel at Husch Blackwell, Fond du Lac County, UBS, Robert W. Baird & Co. and Samuel A. Ramirez & Co. as underwriters, have issued $220 million of conduit taxable bonds to fund broadband infrastructure in 14 rural Wisconsin counties.
The Husch Blackwell team was led by Lynda Templen and Mike Long, and also included Kate Albrecht, Connor Muth, and Sam Brittingham.
Reader Interactions