TowerCo completes a $240 million Senior Secured Credit Facility

Monday, November 23, 2009

 November 23, 2009 - TowerCo completed a $240 million Senior Secured Credit Facility consisting of a $200 million term loan and $40 million revolving line of credit. The company used the proceeds of the $200 million 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.