GREENWICH, Conn., March 10,
2025 /CNW/ -- Strategic Venue Partners ("SVP" or the
"Company"), a leading provider of in-building wireless
infrastructure in the U.S., announced today the completion of its
inaugural 4(a)2 private placement to raise $120 million of debt (the "Notes") from a
syndicate of institutional investors. The capital raise will
further strengthen SVP's market position and enable it to
capitalize on the growing demand for mission-critical in-building
wireless ("IBW") infrastructure. The fixed price Notes achieved an
investment grade credit rating, representing the first long-term
financing of its kind in the industry for an IBW portfolio.
"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
North America and Europe, where Tiger Infrastructure believes
strong tailwinds are driving demand for new infrastructure. Tiger
Infrastructure maintains offices in New
York and London.
Visit www.tigerinfrastructure.com.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is
a leading global alternative asset manager with over $1
trillion of assets under management across renewable power and
transition, infrastructure, private equity, real estate, and
credit. We invest client capital for the long-term with a focus on
real assets and essential service businesses that form the backbone
of the global economy.
Media Contact:
Megan Wesley
mwesley@strategicvenue.com
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SOURCE Strategic Venue Partners, LLC
