Friday, June 30, 2017

Transtelco Raises Debt Funding

El Paso-based Transtelco, the owner and operator of a long-haul and metropolitan fiber network that runs long the border of the US and Mexico, has raised a round of debt capital, the company announced this morning. The funding came from Deutsche Bank. Size of the loan was not announced. Transtelco said it will use the new debt funding to refinance existing indebtedness, along with capital expenditures and general corporate purposes. Transtelco is led by Miguel Fernandez.