Strategic Wireless Infrastructure Funds Management, LLC has announced it has secured a syndicated credit facility led by Texas Capital Bank for SWI Funds Property Holdings, LLC and other affiliated companies, the company said.
The credit facility includes an accordion which will allow the company the ability to access up to USD 75,000,000 throughout the term of the agreement. The company believes the credit line will significantly enhance its ability to continue acquiring and developing a diversified portfolio of telecommunications infrastructure assets within the US
The syndication, led by Texas Capital Bank headquartered in Dallas, Texas, includes a number of other lenders with extensive backgrounds in lending within the telecommunications sector. The new credit facility will provide Strategic Wireless greater flexibility to capitalize on the growing number of infrastructure opportunities throughout the US
Strategic Wireless is an investment manager and capital partner focused on acquiring, developing and managing telecom infrastructure assets that support broadband connectivity. To help achieve its investment objectives, Strategic Wireless establishes mutually beneficial partnerships with wireless carriers and select independent operators and developers throughout the US The company´s goal is to align interests, provide transparency and offer fair pricing to ensure longstanding working relationships for years to come.
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 1000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank, N.A. a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. More information at www.texascapitalbank.com. Member FDIC.