Wire 3 December 2024 Debt Financing Funding Round

Wire 3, a fiber-optic network provider, has secured a $115 million credit facility led by Woodforest National Bank, CIBC, and JPMorgan, with participation from Axiom Bank. The funds will drive the company's expansion of its high-speed fiber-optic network across Florida, enhancing connectivity for local communities. This financing complements over $300 million in equity raised recently, primarily from Oak Hill Capital Partners. CFO Jeff Morse highlighted the funding's role in bolstering the company's mission to deliver reliable, future-proof internet solutions while maintaining a strong commitment to customer satisfaction.