Tillman FiberCo has secured an additional $1 billion worth of financing for its deployment of Fiber-to-the-Home (FTTH) networks throughout Florida.

The fiber infrastructure provider announced that it had successfully closed $815 million in committed debt financing, with the new credit facility also able to provide for up to $200 million of additional term loans.

Earlier this year, Tillman confirmed to DCD that it had worked with T-Mobile to expand its FTTH network in the state.

Its fiber network in Florida will extend to serve the Tampa Bay, Panhandle, South and South West, regional areas, including the cities of St. Petersburg, Fort Myers, Naples, Pensacola, Miami, Palm Beach, Ft. Lauderdale, and Kissimmee.

The latest financing agreement has been led by a syndicate made up of Crédit Agricole Corporate and Investment Bank, Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Société Générale, and Banco Santander, S.A., New York Branch.

"This additional financing represents a transformative moment for Tillman Fiber as we accelerate the deployment of our FTTH network in Florida and beyond," said Phil Cusick, chief financial officer of Tillman Fiber.

"Our open-access infrastructure model is instrumental in providing high-quality broadband services to communities and supporting our broader mission of promoting digital inclusion. With the rise in remote work, the increasing demand for 8K video streaming, gaming, and the growing significance of artificial intelligence applications, our network is exceptionally positioned to meet these evolving requirements."

Founded in 2021, New York-based Tillman designs, builds, and owns high-speed Internet infrastructure. The business is part of the Tillman Global Holdings portfolio, a holding company created by Sanjiv Ahuja.

Last year, the company, which is the fiber subsidiary of Tillman Global Holdings, announced a strategic partnership with private investment firm Northleaf Capital Partners. The company made an initial investment of $200 million, with the potential to invest up to $300m more for future expansion.

As part of the investment, the company plans to extend to other markets across the US. The company is currently focusing on Florida, Texas, Colorado, Arizona, and Nevada.

Earlier this year, its tower infrastructure arm, Tillman Infrastructure, secured a financing package worth $1 billion.