Oak Hill Advisors Provides $425M Credit Facility to Expand LiveOak Fiber Network
Oak Hill Advisors and Palistar Capital arranged a $425 million credit facility for LiveOak Fiber to fund fiber-to-home expansion across Florida and Georgia. The financing will support network build-outs, extend all-fiber connectivity in existing and planned markets and accelerate local economic development.
1. Credit Facility Details
Oak Hill Advisors and Palistar Capital provided a $425 million credit facility to LiveOak Fiber to support its fiber-to-the-home network expansion.
2. LiveOak Fiber Expansion Plans
LiveOak Fiber will use the new capital to extend its all-fiber footprint across Florida and Georgia, targeting single-family homes, businesses and multi-tenant communities while accelerating deployment to meet rising demand for high-speed internet.
3. Implications for Oak Hill Advisors
As the private markets platform of T. Rowe Price Group, Oak Hill Advisors’ backing of this financing underscores its growing credit strategy, strengthens its infrastructure lending profile and highlights its capacity to deploy sizeable capital solutions.