Strategic Venue Partners Announces Inaugural Issuance of Investment Grade Notes and Refinancing of Revolving Credit Facility to Support Further Growth
- Editor
- Mar 10
- 1 min read
Whats Happening:
Strategic Venue Partners (SVP) has completed a $120 million private placement of debt, marking its inaugural issuance of investment grade notes. The fund also refinanced its existing credit facility. These financial moves aim to strengthen SVP's market position and capitalize on growing demand for in-building wireless infrastructure.
Key Moves:
SVP raises $120 million through private placement of investment grade notes
Fund refinances existing credit facility
Capital raised to support growth in in-building wireless infrastructure
By The Numbers:
$120 million raised through private placement
First long-term financing of its kind for an IBW portfolio
Investment grade credit rating achieved
Key Quotes:
"This inaugural private placement marks the latest step in SVP's continued growth and institutionalization," said Justin Marron, CEO of SVP.
"This innovative financing transaction creates an attractive capital structure for SVP today, as well as providing an efficient vehicle to support its growth plans for the future," said Marc H. Blair, COO and Senior Managing Director of Tiger Infrastructure Partners.
Bottom Line:
SVP's successful $120 million debt raise and credit facility refinancing demonstrate the fund's strong market position and growth potential in the in-building wireless infrastructure sector. The investment grade rating and innovative financing structure provide a solid foundation for future expansion and validate SVP's business model.
Comments