TowerPoint Prices Inaugural $386M Securitization, Achieving Record Execution Levels
Transaction Massively Oversubscribed, Driving Among the Tightest Spreads in the Wireless Tower Sector
The transaction was met with exceptionally strong investor demand, with the offering over 9 times oversubscribed at guidance. This robust interest enabled TowerPoint to achieve substantial spread tightening and deliver record-setting execution levels for the wireless tower sector.
"This inaugural securitization is a landmark achievement for TowerPoint," said
"We are extremely pleased with the outcome of this inaugural transaction, which demonstrates the strength of TowerPoint's platform and the confidence the market has in our long-term strategy," said
Proceeds from the transaction will be used to refinance existing indebtedness and support ongoing portfolio expansion.
TD Securities served as sole structuring advisor and sole active bookrunner on the transaction, along with J.P. Morgan acting as passive bookrunner. Davis Polk & Wardwell LLP served as issuer's counsel.
About TowerPoint
TowerPoint Infrastructure Partners is a premier digital infrastructure platform specializing in the acquisition, development and management of mission-critical telecommunications infrastructure and wireless real estate assets. The company owns and operates one of the largest privately held portfolios of macro cell towers, tower easements, and rooftop installations in
For media inquiries, please contact:
[email protected]
(678) 775-0379
View original content to download multimedia:https://www.prnewswire.com/news-releases/towerpoint-prices-inaugural-386m-securitization-achieving-record-execution-levels-302757699.html
SOURCE TowerPoint
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- KuCoin Marks Ninth Anniversary at Tomorrowland Belgium, Honoring Nine Years of Industry Progress Beyond the Signal
- Best Crypto To Buy Now: AlphaPepe Surpasses $2.1M Raised as Smart Money Hunts Smaller-Cap Upside
- MixEZ Announces Embrace the Pain, Expanding a Message of Recovery and Resilience Through Hip Hop
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
JPMorgan, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share