TD Securities served as left lead arranger and bookrunner on a senior secured credit facility for Strategic Venue Partners, a provider of in-building wireless connectivity-as-a-service.
The facility, which closed on Jan. 26, 2021, will be used to fund future wireless infrastructure development with new and existing venue customers.
Strategic Venue Partners designs, builds, funds, owns and operates distributed antenna systems, public safety systems, CBRS, WiFi, fiber, small cells and other similar in-building wireless systems for infrastructure by venue owners and operators in healthcare, hospitality, commercial real estate and education under fixed price, long-term managed service agreements.
“TD Securities is pleased to have led SVP’s inaugural syndicated credit facility to help fund the company’s next phase of growth,” Edward Kim, director at TD Securities, said. “SVP’s unique managed service enterprise offering aligns with the trend of growing wireless connectivity demand. The full lifecycle management nature of SVP’s offering, along with its unique structure, is highly appealing and we look forward to supporting many years of successful expansion.”
“This transaction is a major milestone that will enable SVP to meet the growing demand for de-risked, long-term, managed wireless infrastructure with an efficient capital structure solution,” Justin Marron, CEO of SVP, said. “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 new partners at TD Securities.”
