Tillman Fiber Receives Additional $1 billion for Fiber Network Deployment

New York, July 17, 2024- Tillman FiberC, LLC, a leading developer of open access fiber infrastructure in the United States, announced today the successful completion of $815 million in committed debt financing. This financing will support its deployment of fiber to the home (FTTH) network in Florida, and the new credit line will provide up to $200 million in additional term loans.

Earlier this year, Tillman Fiber expanded in Florida, and this significant capital injection will enable the company to quickly deploy high-speed and reliable fiber infrastructure in the state.

The financing is led by a consortium that includes Crédit Agricole Enterprise and Investment Bank, Goldman Sachs Bank USA, JPMorgan Chase Bank, MUFG Bank Limited, Sumitomo Mitsui Banking Corporation, Société Générale, and Banco Santander, S.A. New York Branch. This successful financing highlights investors’ strong confidence in Tillman Fiber’s strategic vision and excellent management operations.

This financing is based on an initial investment of $250 million from Northleaf Capital Partners, a leading global private equity firm. As Tillman Fiber expands its business, the company may invest an additional $250 million. Tillman Fiber is part of the Tillman Global Holdings portfolio, a holding company that invests, owns, and operates telecommunications and energy infrastructure businesses.

Tillman Fiber is steadfastly committed to providing top-notch connectivity solutions to meet customer needs and support the constantly evolving digital environment.

Tillman Fiber, founded in 2021, designs, builds and operates 100% fiber to the home (FTTP) network to provide residential and commercial customers with industry-leading symmetric gigabit broadband Internet access and services. Tillman Fiber will provide other point-to-point telecommunications services, such as dark fiber, Ethernet, and high-capacity special access services, to enterprises and wholesale customers in all industries through its fiber optic network.