Race Communications Announces New Capital Raise to Accelerate California Expansion

Race Communications secured more than $500 million in additional capital to accelerate the expansion of its fiber network across the state. This capital raise includes $375 million in equity from Oak Hill Capital, the existing majority investor, and its limited partners. The funding also features incremental debt financing from existing lender AB Private Credit Investors, who will also be participating in the equity round. This significant infusion of capital will support Race’s ambitious plan to extend its fiber-to-the-home (FTTH) network to as many as 1 million locations throughout California over the next several years.