Omni Fiber has secured 200 million in new funding. The money will help the company reach more homes in the Midwest and Texas. This region has many towns that still struggle with slow or unreliable Internet. Omni Fiber wants to fix this problem. The company said the raise includes new debt and new equity. Debt means borrowed money that must be repaid. Equity means ownership investment that does not need repayment. Both forms give the business more fuel for growth.
The business received 150 million in extra debt from Stonepeak Credit and Oak Hill Advisors. It received 50 million in new equity from Oak Hill Capital. It also secured a 10 million working capital facility from Republic Bank. A working capital facility is a short-term credit line that helps a company manage day-to-day costs.
These moves show strong confidence in Omni Fiber. They also show how quickly the company is building its network. Omni Fiber began operations in 2022. It has already invested more than 400 million in a fibre system using XGS-PON. This technology provides very fast upload and download speeds. It allows people to stream videos, join calls, or run businesses with fewer delays. It also supports future speed upgrades without replacing cables.
