HOUSTON, Texas (May 12, 2026) — Lyte Fiber, LLC (“Lyte”), a rapidly growing Texas-based provider of 100% Fiber-to-the-Home broadband services, today announced the successful close of its inaugural debt financing, a $175 million construction loan facility to support an accelerated expansion of its next-generation fiber network.
The financing, which contains a significant accordion feature, marks a significant milestone for Lyte Fiber, strengthening the company’s capital structure and positioning it to broaden organic network expansion across dozens of underserved and high-growth communities, finance government-supported broadband initiatives and pursue strategic acquisitions.
The transaction was led by CIBC Bank USA, which served as Administrative Agent, Co-Syndication Agent, Joint Lead Arranger, and Joint Bookrunner, alongside Third Coast Bank as Co-Syndication Agent, Joint Lead Arranger, and Joint Bookrunner. Additional support was provided by Hancock Whitney Bank, Celtic Bank, and Woodforest National Bank as Joint Lead Arrangers, with Axiom Bank participating in the facility.
The credit facility is comprised of both a term loan and a revolving line of credit and will be used to fund Lyte Fiber’s expanding community buildout pipeline, currently numbering nearly 20 concurrent markets across Texas. These include both privately-funded builds and projects supported by federal and state broadband grants. The capital also enhances the company’s ability to pursue strategic acquisitions and solidifies Lyte’s position as one of Texas’ leading FTTH providers.
“This inaugural debt raise is a defining moment for Lyte Fiber,” said Carter Old, Chief Executive Officer of Lyte Fiber. “It is a tremendous vote of confidence in our management team, progress to date, and future growth plans by a first-rate group of banking partners. With this additional capital, we are better positioned than ever to scale our network, support grant-funded expansion, and pursue strategic growth opportunities.”
The credit facility is supported by continued equity backing from Lyte’s financial sponsor SDC Capital Partners, a leading investor in fiber and digital infrastructure.
