Wire 3 Secures $235 Million Financing to Boost Fiber Expansion in Florida
Deal News | Jul 15, 2025 | Paul Hastings
Paul Hastings LLP has successfully advised Guggenheim Investments on a substantial financing deal amounting to $235 million. This private credit agreement is designated for Wire 3, an internet service provider headquartered in Florida known for its 100% fiber-optic internet services. The substantial funding is strategically poised to bolster the advancement of Florida's fiber internet infrastructure, thus expanding high-speed internet reach in the region. This deal underscores Paul Hastings' role as a leading global law firm, recognized for delivering elite legal services to premier financial institutions and corporations. The legal advisory team was led by Global Finance co-chair Jennifer Yount alongside partner Christopher Ross, supported by a competent team including partners and associates from various sub-divisions within the firm.
Sectors
- Legal Services
- Telecommunications
- Private Credit
- Investment Management
Geography
- United States – The country where both the advisory service by Paul Hastings and the operations of Wire 3, the recipient of the credit financing, are based.
- Florida – The specific state in the United States where Wire 3 is located and where the expansion of fiber internet will occur.
Industry
- Legal Services – This industry represents the legal advisory services provided by Paul Hastings LLP in structuring the private credit financing deal.
- Telecommunications – These services are relevant as Wire 3 is a telecommunications company expanding fiber internet services in Florida.
- Private Credit – This indicates the financial structure of the $235 million deal facilitated by Guggenheim Investments for Wire 3.
- Investment Management – Guggenheim Investments, the company providing the funding, is an entity within this sector, focusing on asset management services.
Financials
- 235,000,000 – The value of the private credit financing provided by Guggenheim Investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A premier global law firm advising on the $235 million credit financing deal. |
| Guggenheim Investments | Financier | Company | The asset management firm providing the $235 million in private credit financing. |
| Wire 3 | Target | Company | A Florida-based telecommunications company, recipient of the $235 million funding for fiber internet expansion. |
| Jennifer Yount | Global Finance co-chair | Person | Led the Paul Hastings team advising on the transaction. |
| Christopher Ross | Partner at Paul Hastings | Person | Part of the leadership in the advisory service for the transaction. |