August 31, 2017
Phoenix Tower International’s US subsidiaries completed a recapitalization with a 5-year senior secured credit facilities totaling $109.3 million. TD Securities, who led the original debt acquisition financing in 2015, acted as Sole Lead Arranger, Sole Bookrunner and Administrative Agent on the transaction. The new facilities, maturing in 2022, replace the company’s existing loans due 2020.
About Phoenix Tower International:
Headquartered in Boca Raton, Florida, Phoenix Tower International was founded in 2013 and owns and operates towers 1,600+ towers and other wireless infrastructure in the U.S., Latin America and the Caribbean.
