Gateway Fiber Upsizes Credit Facility to $250 Million, Funding Continued Growth in Nationwide Fiber Deployment
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Gateway Fiber has secured an additional $75 million in debt financing, bringing its total to $250 million for the year. This funding will support the expansion of its fiber network in Missouri, Minnesota, and Massachusetts through 2025. Texas Capital is the Administrative Agent and Lead Arranger.
December 02, 2024 | 5:45 pm
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Texas Capital Bancshares, Inc. (TCBI) is involved as the Administrative Agent and Lead Arranger in Gateway Fiber's $250 million debt financing. This role may enhance its reputation and business opportunities in the financial sector.
Texas Capital's involvement as the Administrative Agent and Lead Arranger in a significant financing deal could enhance its reputation and lead to more business opportunities, positively impacting its stock price.
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