Strategic Wireless Infrastructure Funds Management (SWIFM) has secured a syndicated credit facility led by Texas Capital Bank for SWI Funds Property Holdings and other affiliated companies. Strategic Wireless is seeking investment, acquisition and development opportunities in cell towers, wireless easements, fiber optic networks, small cells and DAS. In particular, the firm is looking to be a build-to-suit capital partner, as well as for full or partial liquidation opportunities.
“We appreciate the confidence and commitment that Texas Capital Bank and each of the other banking partners have made to our company,” said Jerry Sullivan, CEO of Strategic Wireless. “Such a commitment in the early stages of our growth speaks volumes to the opportunities in the telecom infrastructure arena as well as to the confidence in our management team’s ability to execute on our strategy.”
The credit facility includes an accordion which will allow the firm to access up to $75 million throughout the term of the agreement. The company believes the credit line will significantly enhance its ability to continue acquiring and developing a diversified portfolio of telecommunications infrastructure assets within the United States.
“While we will continue to exercise discipline in all of our acquisition and development opportunities, this facility will allow us to execute our business strategy at a faster pace, giving us leverage in an industry where timing is critical,” Sullivan.
The syndication, led by Texas Capital Bank headquartered in Dallas, includes several other lenders with extensive backgrounds in lending within the telecommunications sector. The new credit facility will provide Strategic Wireless greater flexibility to capitalize on the growing number of infrastructure opportunities throughout the U.S.
“We are excited to be working with the Strategic Wireless team as they continue to pursue opportunities within the telecommunications infrastructure sector,” said Elizabeth Falco, executive vice president of Texas Capital Bank. “We believe that management’s track record and professionalism illustrate their ability to execute a successful business case and continue as leaders with their industry.”