Sutton Fannon, Head of Private Investments at InLight Capital, commented on the deal saying, "This is a sizable facility relative to where we are in our journey and we very much appreciate the trust Woodforest, Third Coast and Sunflower have placed in us."
Jarrod Watson, CFO of NOVOS FiBER and PRIME FiBER added, "It's a testament to the team's progress, and the additional capital will enable both businesses to accelerate their projects, particularly in 2025."
Andrew Snead, CEO of NOVOS FiBER and PRIME FiBER, went on to say, "This is a scale game, and the market is becoming increasingly competitive. We're focusing on executing with the right build economics, at speed. Capital is key and we're fortunate to have access to sizable equity and debt funding."
Ryan Voorhies, Executive Vice President, Group Head TMT Banking of Woodforest National Bank stated, "Our team is excited to lead the credit structuring in support of NOVOS FiBER and PRIME FiBER's continued expansion. The management team has demonstrated an ability to execute..."
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