Mobilitie has secured an additional $415 million loan from TD Securities. The new credit line comprises $245 million senior secured term loan B notes, to be matured in June 2016 and $170 million of delayed draw term loan and revolver, scheduled to mature in June 2017.
The new credit facility also comes with an incremental facility of an additional $100 million. The U.S.-based telecom company intends to use proceeds to support the deployment and acquisition of additional towers and distributed antenna systems in domestic and international markets.
Click here for the release from Mobilitie.