Wire 3, a provider of fiber-optic internet, closed a $115 million credit facility. The facility, led by Woodforest National Bank, CIBC and JPMorgan, with participation from Axiom Bank, is designed support the continued expansion of Wire 3’s fiber-optic network across Florida.
This new credit facility complements over $300 million in equity raised by Wire 3 over the past 12 months, with Oak Hill Capital Partners spearheading the investment.
“This credit facility augments our strong capital base and gives us additional liquidity to accelerate our mission of building a future-proof fiber-optic network across Central Florida,” Jeff Morse, chief financial officer and co-founder of Wire 3, said. “With the continued support of our lenders, we are well-positioned to extend our reach and connect more communities to the fast, reliable internet they need for the future. As we grow, we remain committed to delivering an exceptional customer experience.”
