Hamilton Lane funds invest $105 million in telMAX structured financing round - HLNE News | RalliesHamilton Lane funds invest $105 million in telMAX structured financing round
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HLNE• Hamilton Lane-backed financing supports telMAX network expansion
- telMAX secured $105 million in structured financing from funds managed by Hamilton Lane to accelerate its all-fibre network build in Ontario.
- Ontario-based telMAX provides 100% fibre internet, TV and home phone. It targets underserved communities across the Greater Toronto Area.
- Power Sustainable Infrastructure Credit and Palistar Capital upsized telMAX’s existing credit facility by $110 million in a parallel transaction.
- Total new growth capital exceeded $200 million. telMAX plans expansion into the western GTA, including Burlington, Brampton and Mississauga.
