Home News Strategic Wireless Secures $75 Million Credit Facility with Texas Capital Bank

Strategic Wireless Secures $75 Million Credit Facility with Texas Capital Bank

Strategic Wireless Infrastructure Funds Management LLC, a private placement sponsor and investment manager focused on telecom infrastructure, has secured a syndicated credit facility led by Texas Capital Bank.

Strategic Wireless Infrastructure Funds Management LLC, a private placement sponsor and investment manager focused on telecom infrastructure, has secured a syndicated credit facility led by Texas Capital Bank for SWI Funds Property Holdings LLC and other affiliated companies.

The credit facility includes an accordion which will allow the company to access up to $75 million throughout the term of the agreement. The company believes the credit line will enhance its ability to continue acquiring and developing a portfolio of telecommunications infrastructure assets within the U.S.

“We appreciate the confidence and commitment that Texas Capital Bank and each of the other banking partners have made to our company,” said Jerry Sullivan, chief executive officer of Strategic Wireless. “Such a commitment in the early stages of our growth speaks volumes to the opportunities in the telecom infrastructure arena as well as to the confidence in our management team’s ability to execute on our strategy.”

Sullivan added, “While we will continue to exercise discipline in all of our acquisition and development opportunities, this facility will allow us to execute our business strategy at a faster pace, giving us leverage in an industry where timing is critical.”

The syndication, led by Texas Capital Bank headquartered in Dallas, includes a number of other lenders with backgrounds in lending within the telecommunications sector, the company said.

The company sponsors Strategic Wireless Infrastructure Fund LLC, which according to a filing with the Securities and Exchange Commission, is a Regulation D fund structured as a 506(b) that seeks to raise up to $100 million.

Strategic Wireless focuses on acquiring, building and managing telecom infrastructure assets that support mobile and internet connectivity and establishes partnerships with independent operators and developers throughout the U.S.

For more Strategic Wireless news, visit their directory page here.