Transactions Beef up Capital Construction via Offering Alternative Liquidity and Lowering Debt Stability via Over $150 Million

Trade veteran Greg O’Connor Appointed CEO, brings many years of revel in in wi-fi, fiber networks, trade and infrastructure transformation, and high-growth operations

HOUSTON, April 14, 2025 /PRNewswire/ — Logix Communications, LP, d/b/a Logix Fiber Networks (“Logix” or the “Company”), a supplier of commercial connectivity and fiber answers in Texas, as of late introduced that it has finished a line of recapitalization transactions to reinforce liquidity and place the Corporate for long-term progress. The transactions are led via UBS O’Connor Capital Answers (“OCS”) and supported via the Corporate’s first-lien lenders, together with budget controlled via Primary Boulevard Capital Company.

The transactions come with a pristine funding of $45 million from OCS, bias compensation and long-term adulthood extension of the prevailing first lien expression mortgage the alternate of the prevailing moment lien expression mortgage into a mixture of a pristine moment lien expression mortgage and pristine most well-liked fairness and the extinguishment of positive alternative funded debt tools, which is able to lead to an combination debt aid of over $150 million. The considerable deleveraging and incremental liquidity equipped via OCS will permit the Corporate to pursue pristine progress alternatives and enlarge product choices to its consumers.

Accelerating Innovation and Community Enlargement Throughout Texas

With over 300,000 fiber miles and over 3,000 on-network constructions, Logix already operates probably the most biggest free fiber networks in Texas and serves hundreds of companies and carriers with high-performance connectivity, carrier-grade Ethernet, wavelength connectivity as much as 400G, cloudy fiber and devoted web get entry to. The backup financing will allow Logix to:

• Amplify its high-capacity fiber footprint to fulfill the rising call for for bandwidth-intensive packages.
• Roll out 800G stream connectivity to lend ultra-fast, scalable networking answers for companies and knowledge facilities.
• Strengthen carrier functions for venture and service consumers with pristine infrastructure investments in key Texas markets.

In reference to the transaction, Greg O’Connor has been named because the pristine Government Officer of Logix. A revered telecommunications chief with greater than 25 years of revel in throughout community engineering, wi-fi and wireline operations, and infrastructure funding – O’Connor brings deep experience in trade and community transformation. Previous to Logix, he held senior roles at T-Cell, Cogent Communications, and Dash, together with serving as Normal Supervisor of T-Cell’s Wireline trade and COO at Cogent following its acquisition of T-Cell Wireline. He effectively led the mixing of large-scale community operations and helped pressure organizational optimization, pristine product launches, and earnings acceleration throughout more than one trade devices.

“LOGIX FIBER NETWORKS™ is our 100% fiber telecommunications network that is purpose-built to meet the rising bandwidth demands of enterprise and wholesale customers alike,” stated Mr. O’Connor. “The Logix team has done the hard work to streamline operations, reduce legacy costs and focus on delivering for our customers. They have positioned us to raise new capital to accelerate growth beyond the 3,000 buildings and more than 80 data centers we connect today in Texas’ largest markets.”

Constancy to Industry Connectivity in Texas

As companies call for extra bandwidth, decrease latency, and larger reliability, Logix residue taken with turning in enterprise-grade fiber answers adapted to their wishes. With this pristine funding, Logix is about to boost up its community enlargement, roll out complicated connectivity answers, and help the unexpectedly rising virtual financial system throughout Texas. 

Houlihan Lokey served as monetary marketing consultant and Baker McKenzie and Debevoise & Pimpton served as felony suggest to Logix. Davis Polk & Wardwell and Alike Gump Strauss Hauer & Feld served as felony suggest to the Corporate’s first-lien and second-lien lenders, respectively.  

For more info about Logix and its products and services, discuss with www.logix.com.

About Logix
Logix Communications, LP, d/b/a Logix Fiber Networks (“Logix”) is a fiber-based community infrastructure supplier in Texas, providing high-performance connectivity merchandise, wavelength products and services and cloudy fiber to companies, carriers, and knowledge middle operators. Logix operates greater than 300,000 fiber miles, serves over 3,000 on-net constructions, and connects to greater than 80 third-party information facilities around the surrounding. With a name for community reliability, native help, and versatile answers, Logix is the relied on selection for enterprise-grade connectivity in Texas. For more info about Logix Fiber Networks and its products and services, discuss with www.logix.com.

Media Touch: 
John Puskar 
Foxhound Advisors 
[email protected] 

SOURCE LOGIX Fiber Networks