Tillman Infrastructure, a provider of wireless communication infrastructure, completed a financing package totaling $1 billion. As part of the transaction, the company entered into a $500 million term loan facility with a syndicate of lenders arranged by JPMorgan Chase. The syndicate of lenders includes Crédit Agricole Corporate and Investment Bank, Banco Santander, CoBank, MUFG Bank and Sumitomo Mitsui Banking Corporation. In addition, Tillman Infrastructure received financing of $500 million from affiliates and managed funds of HPS Investment Partners, Apollo and Oak Hill Advisors.
Tillman Infrastructure will use proceeds of the new financing to refinance existing loans and provide additional growth capital to support its wireless carrier and wireless infrastructure service provider customers’ infrastructure needs.
“The Tillman Infrastructure team continues to deliver industry leading solutions for our customers,” Suruchi Ahuja, CEO of Tillman Infrastructure, said. “We are very pleased to have support to further invest in and grow the business.”
Since its inception in 2016, Tillman Infrastructure has grown to own more than 2,000 macro tower sites with several thousand in development. Tillman Infrastructure is a portfolio company of Tillman Global Holdings, a U.S.-based private investment firm that invests in, owns and operates digital and energy infrastructure businesses.
Sullivan & Cromwell and Ropes & Gray advised Tillman Infrastructure on the new financing transactions.
