Transtelco Holding, Inc. (doing business as Flō Networks), an El Paso, TX-based independent business-to-business fiber bandwidth provider between key metropolitan markets in the Southwestern U.S. & Mexico, announced the refinancing of its credit facility and a strategic equity capital investment, totaling ~$800M of Capital.
The company added BlackRock as its newest capital partner. In addition to BlackRock’s debt investment, Deutsche Bank served as the Mandated Lead Arranger and Lead Underwriter, alongside TCBI Securities, Inc., doing business as Texas Capital Securities as Lead Arranger, for the banks that joined the credit facility.
Founded as Transtelco in 2001 and led by CEO Miguel Fernandez, Flō Networks is a digital infrastructure service provider connecting companies on both sides of the U.S.-Mexico border and across the Americas. It provides comprehensive connectivity solutions and advanced cloud infrastructure to Fortune 500, telecommunications and cable companies over a fiber optic network spanning over 30,000 route miles between the Southwestern U.S. and Mexico and connects fifteen countries across the Americas.
FinSMEs
25/04/2025