“This project financing is to fund the acquisition of over 5,000 Radio Communications Towers located in North America, and 1,000 “Build to Suit” (“BTS”) new Macro Cell Towers in the USA Region. The Capex estimated is in excess of $1.3 Billion, using an 80/20 debt to equity capital structure as a Project Finance SPV. The SPV will enter into a 30 year Purchase and Leaseback Agreement with the Prime user of the Towers, and enter into a revenue-sharing model for additional collocation tenant leases, with minimum tenant lease terms of 10 years plus extension terms. The demand for collocation usage is expected to be high. Collocation users include Carriers, Broadcast companies, Internet companies, Federal and State Agencies, First Responders, FM Radio stations, and others. Major Construction and Engineering firms will provide pre-construction, construction, and maintenance services for the Towers.”
Endeavor Advisory Group has been retained as exclusive investment banker to raise $1.3 Billion for the acquisition of more than 5,000 radio communication towers.