Daily News: September 17, 2012

Macquarie Closes $150MM Term Loan With CiG Wireless


CiG Wireless, an independent owner and operator of wireless communications infrastructure in the U.S., announced it has closed a new multi-draw term loan credit facility with Macquarie Bank Limited for up to a total of $150 million.

“This new debt facility is a major step in our overall strategic business plan and the structure of this facility provides us with a high degree of flexibility to respond to opportunities,” said CiG Wireless president and CEO Paul McGinn. “Having cemented into place this cornerstone financing, we can now focus on growth through acquisitions and self-developed communications towers across the United States.”

Macquarie Corporate & Asset Finance Lending provides lending solutions to clients globally using Macquarie’s balance sheet capital. The firm is active in providing commitments on a hold-to-maturity basis and has expertise in a range of industries, including the telecommunications, media and technology sectors.