Connectivity Wireless Secures $200 million of capital from First Citizens Bank and Post Road Group to Accelerate Growth
Connectivity Wireless, a leading provider of in-building wireless solutions, has secured $200 million in capital funding to accelerate growth. The financing package includes a $110 million senior debt facility from First Citizens Bank (with an additional $30 million available later) and a $60 million growth investment led by Post Road Group with Boundary Street Capital participation.
The capital will fund system expansion and debt repayment, enabling the company to accelerate deployment of in-building wireless infrastructure solutions across various sectors including sports/entertainment arenas, healthcare, commercial real estate, education, and hospitality. The senior debt facility includes participations from CIBC Bank USA, Third Coast Bank, and Axiom Bank NA.
Connettività Wireless, un fornitore leader di soluzioni wireless per ambienti interni, ha ottenuto 200 milioni di dollari in finanziamenti per accelerare la crescita. Il pacchetto di finanziamento include un prestito senior di 110 milioni di dollari da First Citizens Bank (con ulteriori 30 milioni disponibili in seguito) e un investimento per la crescita di 60 milioni di dollari guidato da Post Road Group con la partecipazione di Boundary Street Capital.
I fondi serviranno per l'espansione del sistema e il rimborso del debito, consentendo all'azienda di accelerare il dispiegamento di soluzioni infrastrutturali wireless per ambienti interni in vari settori, tra cui arene sportive/di intrattenimento, sanità, immobili commerciali, istruzione e ospitalità. Il prestito senior include partecipazioni di CIBC Bank USA, Third Coast Bank e Axiom Bank NA.
Conectividad Inalámbrica, un proveedor líder de soluciones inalámbricas para interiores, ha asegurado 200 millones de dólares en financiamiento para acelerar su crecimiento. El paquete de financiamiento incluye una facilidad de deuda senior de 110 millones de dólares de First Citizens Bank (con 30 millones adicionales disponibles más adelante) y una inversión de crecimiento de 60 millones de dólares liderada por Post Road Group con la participación de Boundary Street Capital.
El capital se destinará a la expansión del sistema y al pago de deudas, lo que permitirá a la empresa acelerar el despliegue de soluciones de infraestructura inalámbrica en interiores en diversos sectores, incluidos arenas deportivas/de entretenimiento, atención médica, bienes raíces comerciales, educación y hospitalidad. La facilidad de deuda senior incluye participaciones de CIBC Bank USA, Third Coast Bank y Axiom Bank NA.
무선 연결의 선두 제공업체인 Connectivity Wireless가 성장을 가속화하기 위해 2억 달러의 자본금을 확보했습니다. 이 자금 패키지에는 First Citizens Bank로부터의 1억 1천만 달러의 선순위 채무 시설 (추가로 3천만 달러가 나중에 사용 가능)과 Post Road Group이 주도하고 Boundary Street Capital이 참여한 6천만 달러의 성장 투자가 포함되어 있습니다.
이 자본은 시스템 확장 및 채무 상환에 사용되어 회사가 스포츠/엔터테인먼트 아레나, 의료, 상업용 부동산, 교육 및 환대 등 다양한 분야에서 실내 무선 인프라 솔루션의 배치를 가속화할 수 있도록 합니다. 선순위 채무 시설에는 CIBC Bank USA, Third Coast Bank 및 Axiom Bank NA의 참여가 포함됩니다.
Connectivité Sans Fil, un fournisseur leader de solutions sans fil pour l'intérieur, a sécurisé 200 millions de dollars de financement pour accélérer sa croissance. Le package de financement comprend une facilité de dette senior de 110 millions de dollars de First Citizens Bank (avec 30 millions supplémentaires disponibles plus tard) et un investissement de croissance de 60 millions de dollars dirigé par Post Road Group avec la participation de Boundary Street Capital.
Le capital financera l'expansion du système et le remboursement de la dette, permettant à l'entreprise d'accélérer le déploiement de solutions d'infrastructure sans fil pour l'intérieur dans divers secteurs, y compris les arènes sportives/de divertissement, la santé, l'immobilier commercial, l'éducation et l'hôtellerie. La facilité de dette senior comprend des participations de CIBC Bank USA, Third Coast Bank et Axiom Bank NA.
Drahtlose Konnektivität, ein führender Anbieter von kabellosen Lösungen für Innenräume, hat 200 Millionen Dollar an Kapitalfinanzierung gesichert, um das Wachstum zu beschleunigen. Das Finanzierungspaket umfasst eine Senior-Darlehensfazilität in Höhe von 110 Millionen Dollar von First Citizens Bank (mit zusätzlichen 30 Millionen, die später verfügbar sind) und eine Wachstumsinvestition in Höhe von 60 Millionen Dollar, die von Post Road Group geleitet wird, mit Beteiligung von Boundary Street Capital.
Das Kapital wird zur Systemerweiterung und zur Rückzahlung von Schulden verwendet, sodass das Unternehmen die Bereitstellung von kabellosen Infrastruktur-Lösungen in Innenräumen in verschiedenen Sektoren, einschließlich Sport-/Unterhaltungsarenen, Gesundheitswesen, Gewerbeimmobilien, Bildung und Gastgewerbe, beschleunigen kann. Die Senior-Darlehensfazilität umfasst Beteiligungen von CIBC Bank USA, Third Coast Bank und Axiom Bank NA.
- Secured substantial $200M funding package for expansion
- Additional $30M available in future debt facility
- Multiple established financial institutions participating in funding
- Diverse sector exposure across growing markets
- Portion of funding allocated to debt repayment rather than pure growth
- Taking on significant debt with $110M senior debt facility
Insights
First Citizens Bank's role as lead arranger for a
The syndicated nature of the deal, with participation from CIBC Bank USA, Third Coast Bank, and Axiom Bank NA, indicates FCNCA's ability to structure and distribute larger commercial credits while managing exposure. The transaction showcases First Citizens' capabilities in the Technology, Media and Telecommunications (TMT) Finance sector under Roger Fong's leadership.
For FCNCA shareholders, this represents incremental execution of the bank's commercial lending strategy rather than a transformative transaction. The structured nature of the facility, with additional availability, suggests a relationship-focused approach that could yield future business opportunities beyond interest income.
First Citizens' participation in digital infrastructure financing positions the bank to benefit from capital deployment trends across commercial real estate, healthcare, and entertainment venues requiring connectivity solutions. This aligns with broader banking industry efforts to develop expertise in growth sectors while maintaining diversified lending portfolios.
This strategic financing will enable Connectivity Wireless to accelerate the deployment of its cutting-edge in-building wireless infrastructure solutions, enhance operational capabilities, and support the increasing demand for high-performance connectivity across various industries, including sports/entertainment arenas, healthcare, commercial real estate, education, and hospitality.
"We are thrilled to have the support of First Citizens Bank, Post Road Group, and Boundary Street Capital as we continue our mission to deliver best-in-class wireless solutions," said Paul McGinn, Chief Executive Officer of Connectivity Wireless. "This capital infusion will allow us to expand our reach, invest in new premier venue networks, and better serve our customers in an increasingly connected world."
First Citizens Bank, a leading financial institution known for supporting high-growth companies, structured the senior credit facility to provide Connectivity Wireless with the flexibility needed to scale its operations and drive strategic growth initiatives. "Connectivity Wireless has established itself as a leader in the in-building wireless infrastructure space, and we are pleased to partner with them on this next phase of growth," said Roger Fong, a managing director for the Technology, Media and Telecommunications Finance business at First Citizens Bank.
The senior debt facility led by First Citizens Bank also included meaningful participations by CIBC Bank
The
The transaction’s use of proceeds includes funding for system expansion as well as repayment of existing debt. “This financing marks an important milestone in the life of the company,” said Brian Clark, Managing Partner of M|C Partners, “With this funding, Connectivity Wireless has the capital needed to support years of future growth as it expands its venue footprint and strengthens its market position as a trusted provider of connectivity solutions.”
About Connectivity Wireless
Connectivity Wireless is a leading owner and operator of in-building wireless infrastructure, specializing in distributed antenna systems (DAS), small cells, and private networks. The company partners with the major wireless carriers, enterprises, commercial real estate owners, and municipalities to deliver high-quality, reliable connectivity to prominent venues throughout
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
About Post Road Group
Post Road Group is an alternative investment advisory firm that currently manages approximately
About Boundary Street Capital
Boundary Street, a Stonepeak Credit firm, is a private credit investment manager focused on providing flexible capital solutions specifically to lower middle market technology and telecommunications businesses and backed by a team of investment professionals with decades of experience investing in these sectors. Boundary Street seeks to invest in durable, recurring revenue businesses providing the mission critical services that will drive economic growth, bridge the digital divide, and keep families and businesses connected. To learn more, visit www.boundarystreetcapital.com.
About M|C Partners
Based in
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Media Contact:
connectivitywireless.com
888-591-9418
Source: Post Road Group
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