Airwavz Solutions closed a $70 million credit facility with AB Private Credit Investors (AB-PCI), the middle-market direct lending platform for AllianceBernstein. With this new financing, Airwavz will build upon its position as the market’s go-to provider of smart building wireless infrastructure.
The importance of connectivity has transformed over the past few years, as people have radically changed their living and working habits to increasingly remote models. Airwavz seeks to support this paradigm shift by providing the wireless infrastructure solutions integral to modern life.
With its new credit facility and continued support from its equity investors, Airwavz intends to fund its rapid growth and serve the exploding demand for wireless infrastructure-as-a-service.
“This new credit facility with AllianceBernstein strengthens our financial flexibility to execute on commitments to our clients” Shawn Kocher, CEO of Airwavz, said. “We will use this additional capital prudently to continue our market momentum.”
With its new partnership with AB-PCI, Airwavz will have access to significant additional capital to build the Airwavz platform, invest in innovation and high-touch service, and serve new and existing clients.
