Gateway Fiber has closed on $75 million in new debt financing to fund continued expansion of the company's fiber network through 2025 in Minnesota, Missouri and Massachusetts, according to a press release.

The Wright City, Missouri-based fiber internet provider said it worked with Texas Capital, administrative agent, and Texas Capital Securities, lead arranger, on the financing. Additional partners include joint lead arrangers JPMorgan Chase Bank, Third Coast Bank, and CIBC.

In total, the Gateway Fiber has raised $250 million of debt financing this year, the company said, adding that the "expanded credit facility and the ongoing support of Gateway's equity sponsor, CBRE Investment Management, provides Gateway ample capital to pursue growth."

"With a strong balance sheet and great capital partners, we are confident in our ability to further grow our platform in 2025 and take advantage of opportunities in the residential and commercial fiber internet markets," Gateway Fiber CFO Betsy Toney said in the release.