TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
December 10, 2024
Source: PR Newswire
DAYTONA BEACH, Fla., Dec. 9, 2024 /PRNewswire/ -- Wire 3, a leading provider of high-speed fiber-optic internet, today announced the closing of a $115 million credit facility. The facility, led by Woodforest National Bank, CIBC, and JPMorgan, with participation from Axiom Bank, will support the continued expansion of Wire 3's state-of-the-art, 100% fiber-optic network across Florida.
This new credit facility complements over $300 million in equity raised by Wire 3 over the past 12 months, with Oak Hill Capital Partners spearheading the investment. Oak Hill is one of the nation's leading fiber investors, managing a portfolio of six companies across 33 states, collectively serving approximately 4 million locations nationwide.
"This credit facility augments our strong capital base and gives us additional liquidity to accelerate our mission of building a future-proof fiber-optic network across Central Florida," said Jeff Morse, CFO and co-founder of Wire 3. **"With the continued support of our lenders, we are well-positioned to extend our reach and connect more communities to the fast, reliable internet they need for the future. As we grow, we remain committed to delivering an exceptional customer experience."
Wire 3's network currently passes nearly 80,000 homes across 800 miles of fiber in Florida. The company is expanding into new markets, including Ocala, and continuing its buildout in Volusia, Marion, Brevard, and St. Lucie counties. With a growing workforce of more than 140 employees, Wire 3 is rapidly emerging as one of Florida's fastest-growing internet providers.
About Wire 3
Wire 3 Fiber is shaping the future of internet connectivity in Florida with its 100% fiber-optic, 10 Gigabit service. Designed to meet the needs of families, small businesses, and communities, Wire 3 is building a multi-gigabit network that offers fast, reliable, and symmetrical speeds. Focused on delivering a world-class customer experience, the company is powered by a dedicated team of Floridians who are passionate about providing cutting-edge connectivity.
The future is fast. The future is fiber.
For more information about Wire 3 and its services, please visit wire3.com.
Media Contact:
Jay Winn, Chief Revenue Officer
jwinn@wire3.com