Omni Fiber, a provider of high-speed fiber optic internet services in the Midwest backed by Oak Hill Capital, one of the largest investment firms in the telecommunications industry, has secured $200 million from Oak Hill Capital, Stonepeak Credit and Oak Hill Advisors for its expansion.
The capital included $150 million in incremental debt financing from Stonepeak Credit and Oak Hill Advisors, alongside an incremental $50 million equity investment from Oak Hill Capital. Omni Fiber also closed on a $10 million working capital facility with Republic Bank & Trust Co.
Omni Fiber has invested more than $400 million into building an XGS-PON fiber network and is on track to reach approximately 340,000 locations by the end of the year. The incremental financing from Stonepeak Credit and OHA, which follows a previous $150 million in debt financing from Stonepeak Credit in July 2024, will fund Omni Fiber's continued expansion into more communities throughout the Midwest and
