Strategic Venue Partners Announces Inaugural Issuance of Investment Grade Notes and Refinancing of Revolving Credit Facility to Support Further Growth
Strategic Venue Partners (SVP), a leading in-building wireless infrastructure provider, has completed a $120 million debt private placement through 4(a)2 notes with investment grade rating - the first long-term financing of its kind in the industry for an in-building wireless (IBW) portfolio.
The company, which operates under a wireless connectivity-as-a-service model, will use the proceeds to refinance existing wireless infrastructure across various locations. SVP has simultaneously refinanced its credit facility to support additional development projects.
The transaction follows a successful twelve-month period of customer expansion and infrastructure growth. Brookfield Asset Management (BAM), which manages over $1 trillion in assets, recently became a minority equity investor in SVP, while Tiger Infrastructure Partners maintains a controlling stake.
Strategic Venue Partners (SVP), un leader nel settore delle infrastrutture wireless all'interno degli edifici, ha completato un collocamento privato di debito da 120 milioni di dollari attraverso note 4(a)2 con rating di investimento - il primo finanziamento a lungo termine di questo tipo nell'industria per un portafoglio wireless all'interno degli edifici (IBW).
L'azienda, che opera secondo un modello di connettività wireless come servizio, utilizzerà i proventi per rifinanziare le infrastrutture wireless esistenti in diverse località. SVP ha contemporaneamente rifinanziato la propria linea di credito per supportare ulteriori progetti di sviluppo.
La transazione segue un periodo di dodici mesi di espansione della clientela e crescita delle infrastrutture. Brookfield Asset Management (BAM), che gestisce oltre 1 trilione di dollari in attività, è recentemente diventata un investitore azionario di minoranza in SVP, mentre Tiger Infrastructure Partners mantiene una partecipazione di controllo.
Strategic Venue Partners (SVP), un proveedor líder de infraestructura inalámbrica en edificios, ha completado una colocación privada de deuda de 120 millones de dólares a través de notas 4(a)2 con calificación de grado de inversión - el primer financiamiento a largo plazo de este tipo en la industria para un portafolio inalámbrico en edificios (IBW).
La empresa, que opera bajo un modelo de conectividad inalámbrica como servicio, utilizará los ingresos para refinanciar la infraestructura inalámbrica existente en varias ubicaciones. SVP también ha refinanciado simultáneamente su línea de crédito para apoyar proyectos de desarrollo adicionales.
La transacción sigue a un exitoso período de doce meses de expansión de clientes y crecimiento de infraestructura. Brookfield Asset Management (BAM), que gestiona más de 1 billón de dólares en activos, se convirtió recientemente en un inversor de capital minoritario en SVP, mientras que Tiger Infrastructure Partners mantiene una participación de control.
Strategic Venue Partners (SVP), 건물 내 무선 인프라 제공업체의 선두주자로, 투자 등급을 받은 4(a)2 노트를 통해 1억 2천만 달러 규모의 채무 사모 발행을 완료했습니다. 이는 건물 내 무선(IBW) 포트폴리오를 위한 업계 최초의 장기 금융입니다.
무선 연결 서비스 모델로 운영되는 이 회사는 수익금을 다양한 장소에 있는 기존 무선 인프라를 재융자하는 데 사용할 것입니다. SVP는 추가 개발 프로젝트를 지원하기 위해 동시에 신용 시설을 재융자했습니다.
이번 거래는 고객 확장과 인프라 성장의 성공적인 12개월을 뒤따릅니다. Brookfield Asset Management (BAM)는 1조 달러 이상의 자산을 관리하며 최근 SVP의 소수 지분 투자자가 되었고, Tiger Infrastructure Partners는 지배 지분을 유지하고 있습니다.
Strategic Venue Partners (SVP), un fournisseur leader d'infrastructure sans fil en bâtiment, a complété un placement privé de dette de 120 millions de dollars via des notes 4(a)2 avec une notation de qualité d'investissement - le premier financement à long terme de ce type dans l'industrie pour un portefeuille sans fil en bâtiment (IBW).
L'entreprise, qui opère selon un modèle de connectivité sans fil en tant que service, utilisera les fonds pour refinancer l'infrastructure sans fil existante dans divers emplacements. SVP a simultanément refinancé sa facilité de crédit pour soutenir des projets de développement supplémentaires.
La transaction fait suite à une période de douze mois d'expansion de la clientèle et de croissance des infrastructures. Brookfield Asset Management (BAM), qui gère plus de 1 trillion de dollars d'actifs, est récemment devenu un investisseur en capital minoritaire dans SVP, tandis que Tiger Infrastructure Partners conserve une participation de contrôle.
Strategic Venue Partners (SVP), ein führender Anbieter von drahtloser Infrastruktur in Gebäuden, hat eine Privatplatzierung von Schulden in Höhe von 120 Millionen Dollar durch 4(a)2-Noten mit Investment-Grade-Rating abgeschlossen - die erste langfristige Finanzierung dieser Art in der Branche für ein Portfolio drahtloser Infrastruktur in Gebäuden (IBW).
Das Unternehmen, das nach einem Modell für drahtlose Konnektivität als Dienstleistung arbeitet, wird die Erlöse verwenden, um bestehende drahtlose Infrastruktur an verschiedenen Standorten zu refinanzieren. SVP hat gleichzeitig seine Kreditfazilität refinanziert, um zusätzliche Entwicklungsprojekte zu unterstützen.
Die Transaktion folgt auf einen erfolgreichen Zeitraum von zwölf Monaten mit Kundenausbau und Infrastrukturwachstum. Brookfield Asset Management (BAM), das über 1 Billion Dollar an Vermögenswerten verwaltet, ist kürzlich ein Minderheitsinvestor in SVP geworden, während Tiger Infrastructure Partners eine kontrollierende Beteiligung hält.
- Secured $120 million in investment grade rated debt financing
- First-of-its-kind long-term financing in IBW industry
- Successfully expanded customer base and infrastructure assets over past 12 months
- Strategic investment from Brookfield Asset Management ($1T AUM firm)
- Refinanced credit facility for additional development capacity
- None.
"This inaugural private placement marks the latest step in SVP's continued growth and institutionalization," said Justin Marron, CEO of SVP. "The placement is also a milestone for our industry as the first of its kind long-term financing for a portfolio of in-building wireless infrastructure assets. Achieving an investment grade rating further validates the long-term value of our distinctive wireless connectivity-as-a-service model, our mission-critical infrastructure and deep venue and carrier relationships."
"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, given the unique attribute that the structure is portable. SVP's business plan from day one has been to design, build, own and operate critical utility-like wireless infrastructure. It has been an exceptional twelve months for SVP, as the company welcomed several new esteemed customers while also expanding its infrastructure assets with existing customers. And this transaction highlights one of the key benefits of achieving scale in the IBW sector," said Marc H. Blair, COO and Senior Managing Director of Tiger Infrastructure Partners ("Tiger").
Tiger owns a controlling stake in SVP, and Brookfield Asset Management, one of the largest owners and operators of infrastructure globally, recently became a minority equity investor in the Company.
Proceeds from the debt private placement will be used to re-finance SVP's existing wireless infrastructure at a portfolio of discrete locations. Concurrently with the transaction, SVP refinanced its existing credit facility to support additional development projects.
TD Securities acted as sole agent on the private placement and left lead arranger and sole bookrunner on the credit facility refinancing.
About SVP
Strategic Venue Partners is a leading provider of in-building wireless connectivity-as-a-service. The company partners with venues and carriers to design, develop, install, own, operate and upgrade bespoke in-building wireless systems, utilizing the latest technologies such as Distributed Antenna Systems, Public Safety Systems, Citizens Broadband Radio Service (OnGo®) / Private LTE, Real Time Location Services, Fiber assets, Wi-Fi and Internet Protocol Television. Our proprietary, utility-based model actively builds a future in which underserved enterprise venues can grow, evolve and ignite their own technological futures through robust network connectivity, without financial barriers and backed by a trusted, consultative partner that is there with them for every step of the way. Join us in unleashing the power of wireless connectivity to optimize your operations and fuel your future growth. Visit www.strategicvenue.com.
About Tiger Infrastructure Partners
Tiger Infrastructure Partners is an innovative private equity firm focused on providing transformational growth capital to middle market infrastructure companies. Tiger Infrastructure's value-add approach targets growth investments across the Digital Infrastructure, Energy Transition and Transportation sectors in
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over
Media Contact:
Megan Wesley
mwesley@strategicvenue.com
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SOURCE Strategic Venue Partners, LLC
FAQ
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