Third Coast Bank, a wholly owned subsidiary of Third Coast Bancshares, completed a new syndicated senior credit facility led by the bank’s corporate banking team. The allocated funds will support Syntrio’s fiber deployment._x000D_
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Surpassing the initial $50 million fundraising goal, strong interest from potential lenders led to oversubscription, increasing the senior credit facility to $60 million for Syntrio Solutions, a company specializing in delivering high-speed internet and advanced technology services to underserved communities and new markets across North Texas and Southern Oklahoma._x000D_
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“We are grateful for Third Coast Bank’s trust in our vision,” Kirk Petty, CEO of Syntrio Solutions, said. “This funding will empower us to implement our plans and create a tangible impact on individuals and businesses. We look forward to a successful collaboration and the positive impact it will bring.”_x000D_
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“We are thrilled to support Syntrio Solutions in their mission to deliver fast and reliable internet services to rural areas,” Elizabeth Falco, executive vice president of corporate banking at Third Coast Bank, said. “This investment not only aligns with our commitment to community development but also spurs economic growth and opportunities for the businesses and residents in the surrounding areas by bringing them essential services reliant on high-speed internet.”
Forward for Specialty Finance
