Novos Fiber, a retail fiber-to-the-home (FTTH) internet service provider (ISP), and its sister company, Prime Fiber, a commercial open-access fiber infrastructure firm, have successfully closed a USD 175 million senior secured debt facility through their holding company, IL Fiber TopCo. The round was led by Woodforest National Bank, with participation from Third Coast Bank and Sunflower Bank, including a USD 100 million accordion feature for future funding flexibility.
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Construction Initiatives in Florida
Both companies—Novos Fiber and Prime Fiber—are backed by InLight Capital, a private investment firm based in Sugar Land, Texas. Currently serving customers in the Dallas-Fort Worth area, Novos Fiber has initiated a major construction program in Bonita Springs and Naples, Florida, the official release said.
CFO of Novos Fiber and Prime Fiber said, "It's a testament to the team's progress, and the additional capital will enable both businesses to accelerate their projects, particularly in 2025."
CEO of Novos Fiber and Prime Fiber added, "This is a scale game, and the market is becoming increasingly competitive. We're focusing on executing with the right build economics, at speed. Capital is key, and we're fortunate to have access to sizable equity and debt funding."
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Prime Fiber
Prime Fiber is an open-access FTTH infrastructure provider serving ISPs, infrastructure consolidators, and enterprises across the US. Novos Fiber and Prime Fiber are funded by InLight Capital, a private investment firm based in Sugar Land, Texas.
