Tillman Infrastructure announces $1B in financing

Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion.  

The proceeds will be used to refinance existing loans and provide additional growth capital to support its wireless carrier and wireless infrastructure service provider (WISP) customers' infrastructure needs.

"The Tillman Infrastructure team continues to deliver industry leading solutions for our customers," said Suruchi Ahuja, CEO of Tillman Infrastructure. "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 be one of the most prolific tower builders in the U.S. The company owns over two thousand macro tower sites with several thousand in development. It is known for its disruptive approach to meeting its customers' infrastructure needs through nationwide build-to-suit and colocation capabilities. 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.

As part of the transaction, a subsidiary of Tillman Infrastructure has entered into a $500 million term loan facility, with a syndicate of lenders arranged by JPMorgan Chase Bank, N.A. and including, Crédit Agricole Corporate and Investment Bank, Banco Santander, CoBank ACB, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation. In addition, Tillman Infrastructure has received financing of $500 million from affiliates and managed funds of HPS Investment Partners, LLC, Apollo, and Oak Hill Advisors, L.P.

Tillman Infrastructure was advised by Sullivan & Cromwell LLP and Ropes & Gray LLP.

Read the press release here.

Tillman