LiveOak Fiber, a high-growth fiber-to-the-home internet provider, announced it has secured a $425 million credit facility from Oak Hill Advisors and Palistar Capital to support continued network expansion across the Southeast region.
The new capital will enable LiveOak Fiber to expand its all-fiber footprint across existing and planned markets, accelerating broadband deployment while supporting economic development and improved connectivity in the communities it serves. The company is focused on delivering long-term digital infrastructure designed to meet rising demand for reliable, high-speed internet across residential, business, and multi-tenant environments.
LiveOak Fiber has experienced rapid growth, driven in part by its localized operating model, which emphasizes on-the-ground teams responsible for installation, support, and community engagement. The company says this approach has helped differentiate its service and strengthen its presence in regional markets.
The funding also reinforces investor confidence in the platform built alongside InfraRed Capital Partners, positioning LiveOak Fiber as a scalable broadband provider with long-term growth potential.
In addition to expanding infrastructure, LiveOak Fiber highlights its broader economic impact, including job creation and support for remote work, business productivity, education, and smart home adoption. The company reports it has created more than 150 local jobs and operates a network with high reliability and low latency.
Support: J.P. Morgan advised LiveOak Fiber on strategic alternatives and served as Structuring Agent on the credit facility. Clifford Chance acted as legal counsel to LiveOak Fiber and InfraRed Capital Partners, while Milbank represented Oak Hill Advisors and Palistar Capital.
KEY QUOTES:
“LiveOak Fiber has achieved rapid expansion in a short period of time. What differentiates LiveOak Fiber is our fiercely local operating model. We have full-time local teams on the ground delivering installation, support, and community engagement, and with this new funding, we are positioned to accelerate our build-out and continue gaining momentum across our footprint.”
Shane Schilling, CEO, LiveOak Fiber
“We’re proud of the platform we’ve built alongside LiveOak Fiber. This additional capital is a strong signal of confidence in the team and reinforces LiveOak as a fully integrated growth engine with substantial long-term value.”
Filip Guz, Partner, InfraRed Capital Partners
“LiveOak Fiber is being built to scale across every customer type, from single-family homes to businesses to multi-tenant communities. This investment enables us to continue to drive lasting value while consistently delivering a premium customer experience across our markets.”
Steve Smith, Founder And Chief Revenue Officer, LiveOak Fiber
