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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
TD Securities Leads Lenders in Vertical Bridge’s $400MM Credit Facility
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Lenders/Participants
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TD Securities [Lead Lender]
Barclays Bank [Joint Lead Arranger, Joint Bookrunner]
CIT Bank [Joint Lead Arranger, Joint Bookrunner]
Deutsche Bank AG [Joint Lead Arranger, Joint Bookrunner]
JPMorgan Chase Bank [Joint Lead Arranger, Joint Bookrunner]
SunTrust Robinson Humphrey [Joint Lead Arranger, Joint Bookrunner]
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Structure
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Senior Secured Credit Facility
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Amount
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$400.000
Million
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Borrower(s)
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Vertical Bridge
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Description
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Vertical Bridge paid off its existing senior credit facility, and the company entered into a new $400 million senior secured credit facility concurrently with the closing of a $321 million asset-backed securities offering led by Deutsche Bank Securities and Barclays. The $400 million senior credit facility has a five year term, maturing in June of 2021 and is secured by mortgages on certain tower sites and a security interest in the towers and related leases. Additional transaction details not disclosed.
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Industry
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Telecom
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| Related Tags |
Barclays Bank, CIT Bank, Deutsche Bank AG, JPMorgan Chase, SunTrust Robinson Humphrey, TD Securites
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ABL Advisor
Deal Tables
2025
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