Wildblue Communications Inc. announced Jan. 10 that it closed a secured credit facility of more than $200 million to fund the continued growth of its high speed Internet access business.

The financing will fund Wildblue’s broadband business and facilitate the launch of the Wildblue 1 satellite in the fourth quarter. Wildblue currently provides service via Telesat’s Anik F2 satellite.

The lending group is led by Liberty Media Corp., Wildblue’s largest shareholder, and includes the National Rural Telecommunications Cooperative, also a major Wildblue shareholder, and Timesarrow LLC, which is affiliated with one of Wildblue’s founders.