Aspire Fiber secures $80 million credit facility led by Third Coast Bank and CIBC to accelerate the fiber buildout in Southern California. Arenova Capital increases its equity commitment to $75 million.
Amount Raised
$80 Million
Round Type
Debt Financing
CaliforniaHardwareInvestors
Description
Aspire Fiber announced the closing of an $80 million Senior Secured Credit Facility to support its expansion in Southern California. The facility is led by Third Coast Bank and CIBC. Additionally, equity partner Arenova Capital has increased its equity commitment to $75 million. This funding will help accelerate the expansion of Aspire Fiber's services across the region.
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