Strategic Venue Partners (SVP), a Greenwich-based provider of in-building wireless connectivity-as-a-service, has successfully upsized and amended its existing syndicated debt facility with TD Securities as lead left arranger on the financing.
According to the company, the facility will be used to fund future wireless infrastructure development with new and existing venue customers. The original commercial lending facility closed on Jan. 26, 2021, and the tenure of the amended debt facility is for five years to May 2028.
“This transaction is a major milestone that will enable SVP to continue to meet the growing demand for de-risked, long-term, managed wireless infrastructure as a service solutions with an efficient capital structure solution,” says Justin Marron, CEO of SVP. “We look forward to the continued ability to transform wireless connectivity solutions for our customers through our unique managed service solution fueled by the confidence and financial backing of our partners at TD Securities and beyond.”
SVP is backed by Tiger Infrastructure Partners, a private equity firm focused on providing capital to middle market infrastructure companies.
