EL PASO, Texas, April 23, 2025 — Transtelco Holding, Inc. (doing business as Flō Networks, “Flō”), the leading independent business-to-business fiber bandwidth provider between key metropolitan markets in the Southwestern U.S. & Mexico, announced the refinancing of its credit facility in tandem with a strategic equity capital investment, totaling ~$800mm of Capital.
“We are thrilled that the transaction was anchored by existing long-tenured investors across the capital structure and bolstered by a new institutional partner,” said Miguel Fernandez, Chief Executive Officer of Flō Networks. “The continued support from our investors offers a strong endorsement of the long-term potential of our team, strategy, and platform. We are in the best position since our inception 20+ years ago to capitalize on the multi-billion-dollar pipeline of inorganic and organic growth opportunities ahead of us.”
“We are delighted to continue to support Flō Networks as part of our Digital Infrastructure lending practice. We have been fortunate to work with their strong team since 2017 and observe their success and growth,” said Fredric Rosenberg, Head of Private Credit & Infrastructure for Deutsche Bank.
Mr. Fernandez added, “While this transaction illustrates the deepened commitment of our existing investors, we are pleased to welcome BlackRock as our newest capital partner. We are motivated by BlackRock’s trust in our vision and execution, and desire to support a company throughout its growth trajectory.”
“Our investment in Flō Networks aligns with our view of digitalization as a key macro trend and builds on our experience with leading digital infrastructure assets,” said Ignacio del Rio, Director at BlackRock. “We are pleased to provide our clients with exposure to a business at the intersection of bandwidth infrastructure and nearshoring, two market segments experiencing steady growth.”
In addition to BlackRock’s debt investment, Deutsche Bank served as the Mandated Lead Arranger and Lead Underwriter, alongside TCBI Securities, Inc., doing business as Texas Capital Securities as Lead Arranger, for the banks that joined the credit facility.
