Tillman Fiber has secured a further USD 1 billion in financing for its deployment of Fiber-to-the-Residence (FTTH) networks all through Florida. The open-access fiber infrastructure supplier introduced that it had efficiently closed USD 815 million in dedicated debt financing, with the brand new credit score facility additionally offering for as much as USD 200 million of extra time period loans.
Additionally Learn: Tillman Fiber Expands Fiber Optic Community in Florida
Main Financing
In Might 2024, Tillman confirmed that, in collaboration with a tier-one US cellular operator, it could ship symmetrical gigabit broadband web entry and providers to residential prospects within the state.
The financing spherical was led by a syndicate comprising Credit score Agricole Company and Funding Financial institution, Goldman Sachs Financial institution USA, JPMorgan Chase Financial institution, MUFG Financial institution, Sumitomo Mitsui Banking Company, Societe Generale, and Banco Santander. This capital infusion follows Tillman Fiber’s announcement of its Florida enlargement earlier this yr.
Increasing Community Throughout Key Florida Areas
Its fiber community in Florida will prolong to serve the Tampa Bay, Panhandle, South, and South West regional areas, together with the cities of St. Petersburg, Fort Myers, Naples, Pensacola, Miami, Palm Seashore, Ft. Lauderdale, and Kissimmee.
“This extra financing represents a transformative second for Tillman Fiber as we speed up the deployment of our FTTH community in Florida and past,” mentioned Tillman Fiber.
“Our open-access infrastructure mannequin is instrumental in offering high-quality broadband providers to communities and supporting our broader mission of selling digital inclusion. With the rise in distant work, the rising demand for 8K video streaming, gaming, and the rising significance of synthetic intelligence functions, our community is exceptionally positioned to fulfill these evolving necessities.”
Additionally Learn: Tillman Infrastructure Secures USD 1 Billion Financing for Enlargement
Preliminary Funding
This funding follows an preliminary USD 250 million funding from Northleaf Capital Companions, with the potential for a further USD 250 million as Tillman Fiber scales its operations.
Tillman Fiber
Based in 2021, New York-based Tillman Fiber designs, builds, and owns high-speed Web infrastructure. Tillman Fiber is a part of the Tillman World Holdings portfolio, a holding firm that invests in, owns, and operates telecommunications and power infrastructure companies.
