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Starry Amends Lender Agreement To Extend Financing As Company Explores Strategic And Balance Sheet Alternatives

PRIVATEDec 19, 2022

Round Type

Funding Round

BostonHardwareInternetWireless

Investors

Pjt PartnersStarry Group Holdings

Description

Starry Group Holdings, Inc. (NYSE: STRY) (the “Company” or “Starry”), a licensed fixed wireless technology developer and internet service provider, today announced that on December 13, 2022 it entered into a ninth amendment (the “Ninth Amendment”) to the Amended and Restated Credit Agreement with its lenders. The Ninth Amendment provides for interim loan financing of more than $11 million with the ability to access additional financing through an uncommitted accordion debt basket of additional loans of up to $30 million.

Quick answer

Starry Group Holdings raised an undisclosed amount in a Funding Round round, dated December 19, 2022. Investors: Pjt Partners and Starry Group Holdings. Starry Group Holdings is based in Boston, Massachusetts, United States.

How much did Starry Group Holdings raise?
Starry Group Holdings raised an undisclosed amount in a Funding Round round on December 19, 2022.
Who invested in Starry Group Holdings?
Pjt Partners and Starry Group Holdings are named as investors in this round.
What does Starry Group Holdings do?
At Starry (NYSE: STRY), we believe the future is built on connectivity and that connecting people and communities to high-speed, broadband internet should be simple and affordable.
Where is Starry Group Holdings based and how big is it?
Starry Group Holdings is based in Boston, Massachusetts, United States.

Source: Fundz verified event record.

Who else raised in Hardware and Internet around the same time

Companies in the same sectors as Starry Group Holdings that raised within 45 days of this round, from Fundz verified event records.

  • Wytec International raised $12K on February 1, 2023.
  • Wytec International raised $25K on January 27, 2023.
  • BLUES WIRELESS INC. raised $32M (Funding Round) on January 5, 2023.
  • Guerrilla RF raised $5M (Post-IPO Equity) on January 3, 2023.
  • Guerrilla RF raised $5M on December 30, 2022.
  • Wytec International raised $100K on December 19, 2022.

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Company Information

Company

Starry Group Holdings

Location

Boston, Massachusetts, United States

About

At Starry (NYSE: STRY), we believe the future is built on connectivity and that connecting people and communities to high-speed, broadband internet should be simple and affordable. Using our innovative, wideband hybrid-fiber fixed wireless technology, Starry is deploying gigabit capable broadband to the home without bundles, data caps, or long-term contracts. Starry is a different kind of internet service provider. We’re building a platform for the future by putting our customers first, protecting their privacy, ensuring access to an open and neutral net, and making affordable connectivity and digital equity a priority. Headquartered in Boston, Starry is currently available in Boston, New York City, Los Angeles, Washington, DC, Denver and Columbus, OH. To learn more about Starry or to join our team and help us build a better internet, visit: https://starry.com.

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Starry Group Holdings raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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