CSC Leasing provided a $50 million credit line to Lux Speed, a Florida-based fiber and managed Wi-Fi provider. Anacostia Ventures led the discussions and ultimately secured the line for Lux Speed.
“CSC is a premier capital partner and a perfect fit for Lux Speed’s advanced offering,” Steve Canton, senior partner at Anacostia Ventures, said.
“The pandemic has shed light on the importance of amenities in the multi-family, single-family, assisted living and student housing sectors,” Michael Bertamini, CEO of Lux Speed, said. “The largest barrier to advanced technology is traditionally the capital necessary to upgrade infrastructure. This credit facility will permit Lux Speed to continue expansion without capital restraints.”
“We have a 15-year relationship with the leadership team at Lux Speed and Anacostia Ventures,” John Corey, CEO at CSC Leasing, said. “They’ve demonstrated a track record of being honest thought leaders who are results oriented. We are very excited about this partnership and the long-term benefits for both our respective companies.”
