Tarpon Towers II announced this morning that it has secured over $100 million of new capital to acquire and build wireless communication towers and other wireless infrastructure. Tarpon II is a newly formed wireless communications tower company, a joint venture created by new funding consisting of a $60 million equity commitment from private equity firm, Redwood Capital Investment, LLC, and Tarpon’s management team. Additionally, Tarpon has obtained a commitment from a regional bank for a $40 million credit facility. “We are excited about partnering with Redwood Capital and continuing to invest in U.S. based assets. With Redwood Capital, we have found a partner that is committed to investing over a much longer period than traditional equity sources and has the capability and appetite to invest significantly more than the initial capital commitment,” said Ronald Bizick, Tarpon’s CEO. Continue reading here.
No comments:
Post a Comment