Arcadia Towers II Secures $5 Million Debt Facility

Arcadia Towers II, LLC is a communication tower ownership company who announced on May 15th that they secured a $5 million debt facility with Texas Exchange Bank during the first quarter of 2014. This announcement came quickly after the company reported closing a $5 million equity financing with Kern Whelan Capital. The proceeds from both of these transactions will support Arcadia Towers’ growth through development of tower sites throughout its service area. “We are excited to engage Texas Exchange Bank as our banking partner,” said Greg Leszczuk, COO at Arcadia. “We believe the values of the Texas Exchange Bank team align well with Arcadia and this debt financing will allow us to focus on delivering superior customer service and speed to market that is best in class.” “Texas Exchange Bank is focused on providing successful solutions to the tower industry,” said Tom Patterson, CFO at Arcadia. “This debt facility will provide Arcadia Towers II with the capital and flexibility necessary to best serve our customers in an environment of increasing industry demand.” Arcadia Towers II, LLC is part of the Arcadia family of companies and was founded in 2014. Arcadia Communications was es-tablished in 2005 and provides full-service development, management, and leasing for Arcadia Towers II assets.