ExteNet Systems, a provider of distributed networks enabling outdoor and indoor wireless connectivity, announced that Digital Bridge Holdings and Stonepeak Infrastructure Partners have committed or arranged for over $1 billion in a recapitalization of the company in which the interests of existing investors will be acquired and additional capital will be provided to support the long-term growth of the business.

SunTrust Robinson Humphrey is the administrative agent for debt financing for the transaction. In addition to SunTrust, the bank syndicate includes Barclays Bank, Deutsche Bank, Toronto-Dominion Bank, CIT Finance and the Royal Bank of Canada.

TAP Advisors served as financial advisors to the company and the selling shareholders. Reed Smith provided legal representation to ExteNet, and Paul, Weiss, Rifkind, Wharton & Garrison represented ExteNet’s preferred stockholders in connection with the transaction. Digital Bridge and Stonepeak were represented by Simpson, Thacher & Bartlett.

The recapitalization will enable ExteNet to continue pursuing strategic deployment of outdoor and indoor distributed networks, including Small Cells, to meet the network densification and the advanced wireless connectivity needs of its customers, which include the nation’s leading wireless carriers and venue owners.