"This expanded facility reflects the confidence our lending partners have in Vero's business model and growth trajectory. With robust demand for wholesale fiber accelerating alongside new FTTP market opportunities, we are well-positioned to continue deploying capital into high-returning network builds and complementary acquisitions."
"The facility includes an accordion feature providing up to $585 million of total capacity and was jointly arranged by Hancock Whitney Bank, Texas Capital and J.P. Morgan."
VFN Holdings, Inc. expanded its credit facility to $425 million, with a total capacity of $585 million. The expansion was arranged by Hancock Whitney Bank, Texas Capital, and J.P. Morgan, reflecting lenders' confidence in Vero's business model. The funds will support investments in fiber-to-the-premise and dark fiber solutions, as well as the acquisition of Telephone Electronics Corporation. Vero has expanded its network to 334 markets across 25 states, positioning itself for growth in underserved markets.
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