Gateway Fiber Completes $578 million refinancing, including a $333 million Inaugural Asset-Backed Securitization

Gateway Fiber, which is owned by funds managed by CBRE Investment Management, announced the closing of a $578 million refinancing comprised of its inaugural $333 million asset-backed securitization ("ABS") and a $245 million development financing facility.

Gateway is a rapidly growing and leading operator of fiber infrastructure in the U.S., serving a diverse mix of residential, commercial and government-supported subscribers.

The successful refinancing included the issuance of Gateway's inaugural $333 million ABS, including notes rated by Fitch and KBRA. The issuance was supported by several established institutional investors. In addition, the Company closed a $245 million revolving development facility that will provide construction financing to support the Company's fiber construction expansion plan in existing markets.

"We are pleased to have achieved this significant milestone for Gateway. The successful securitization, which attracted strong interest from institutional investors, is a testament to the quality of the platform, its impressive subscriber growth and operational discipline," said Noi Spyratos, Managing Director at CBRE Investment Management. "This scalable financing platform strengthens Gateway's capital structure, enhances capital efficiency and provides meaningful capacity to support its long-term growth plans."

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $155.5 billion in assets under management^* as of September 30, 2026, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is a subsidiary of CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE's data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management's presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

About Gateway Fiber
Gateway Fiber is on a mission to positively impact communities through a better internet. As data requirements for residences and businesses continue to expand, Gateway is creating a leading, national fiber-to-the-home platform to serve this critical unmet need. Gateway provides faster, more reliable internet with a simple pricing model and industry-leading customer service. For more information, visit gatewayfiber.com or follow us on LinkedIn, Facebook, Instagram, and TikTok.