LOGIX Announces $100m Commitment for 5G in Texas

LOGIX Fiber Networks, an independent fiber provider in Texas, has secured $100 million in capital commitments from its partners Astra Capital Management and funds managed by O’Connor Capital Solutions, the private credit unit of UBS O’Connor LLC, to fund key customer-driven growth initiatives, support an accelerated network evolution and refinance a portion of its senior debt.

LOGIX delivers an enterprise-grade fiber network and comprehensive connectivity solutions with speed, reliability, and performance. The company serves enterprise and carrier customers with more than 7,000 route miles and nearly 300,000 fiber miles in and between Austin, Dallas-Fort Worth, Houston and  San Antonio.

Funds will be used to support LOGIX’s core customer segments through network build and cost rationalization programs, including 5G wireless backhaul services, data center support and increased penetration of owned fiber network services throughout the company’s footprint.

Houlihan Lokey and Debevoise & Plimpton LLP served as advisors to LOGIX.

 For more information, visit logix.com.