TowerCo extends Credit Facility to $440 million

Wednesday, February 02, 2011

 February 2, 2010 – TowerCo amended and restated the 2009 Credit Facility, creating a $440 million Senior Secured Credit Facility which includes a $400 million term loan and a $40 million revolving line of credit. The company used the proceeds of the term loan to make a distribution of capital to its equity holders. The revolving credit facility was undrawn at closing and is available for build-to-suit, tower acquisition, ground purchases and general corporate use.