BHI Arranges New Financing For Hotwire Communications, a Florida-Based Company, Remains Active for SFLA Middle Market Companies in the Pandemic
Secured Finance Network
BHI, a full-service commercial bank, announced that it has closed a $15 million credit facility for Hotwire Communications, a national fiber optics internet cable provider for residential and commercial buildings. Based in Fort Lauderdale, Hotwire serves markets in the Southeastern United States.
“BHI is open for business despite Covid -19 and we are actively serving South Florida middle market clients that operate locally and nationally. We take a personal approach and work in collaboration with our clients to deliver tailored financing solutions that meet their objectives and support their strategies for growth. BHI is very pleased to provide support and financing for Hotwire Communications, which provides services that have become even more critical in the pandemic,” said Eduardo Hornero, SVP, Team Leader of BHI’s Florida Representative Office.
“The pivot to remote work, services, and education this past year has made connecting people through reliable and high-speed fiber networks more important than ever,” said Kristin Johnson, Hotwire Communications’ Co-Founder and CEO. “With BHI’s support, Hotwire Communications has continued to build that critical infrastructure so we can deliver our services to the families and communities in the markets we serve.”
“For middle market companies, the ability to have confidence in their bank is essential now in the Covid crisis. We support our clients as they assess their core fundamentals and move toward their long-term goals,” said John Yoler, EVP, Head of BHI’s U.S. Representative Offices.
About BHI (www.bhiusa.com)
BHI is a registered service mark of Bank Hapoalim B.M., Israel’s leading financial institution. BHI’s U.S. division provides commercial lending solutions to middle market clients in sectors including commercial real estate, C&I, food and beverage, entertainment, apparel, healthcare and high-tech. In addition to its New York Branch, the bank has U.S. Representative Offices in Woodcliff Lake, New Jersey; Miami, Florida; and Los Angeles, California.