Novos Fiber, a retail fiber-to-the-home (FTTH) web service supplier (ISP), and its sister firm, Prime Fiber, a business open-access fiber infrastructure agency, have efficiently closed a USD 175 million senior secured debt facility by means of their holding firm, IL Fiber TopCo. The spherical was led by Woodforest Nationwide Financial institution, with participation from Third Coast Financial institution and Sunflower Financial institution, together with a USD 100 million accordion function for future funding flexibility.
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Development Initiatives in Florida
Each corporations—Novos Fiber and Prime Fiber—are backed by InLight Capital, a personal funding agency based mostly in Sugar Land, Texas. At the moment serving prospects within the Dallas-Fort Price space, Novos Fiber has initiated a serious building program in Bonita Springs and Naples, Florida, the official launch mentioned.
CFO of Novos Fiber and Prime Fiber mentioned, “It is a testomony to the staff’s progress, and the extra capital will allow each companies to speed up their tasks, notably in 2025.”
CEO of Novos Fiber and Prime Fiber added, “It is a scale recreation, and the market is changing into more and more aggressive. We’re specializing in executing with the fitting construct economics, at velocity. Capital is vital, and we’re lucky to have entry to sizable fairness and debt funding.”
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Prime Fiber
Prime Fiber is an open-access FTTH infrastructure supplier serving ISPs, infrastructure consolidators, and enterprises throughout the US. Novos Fiber and Prime Fiber are funded by InLight Capital, a personal funding agency based mostly in Sugar Land, Texas.
