Skyway Towers, LLC, a developer, owner and operator of multi-tenant communications towers in the United States announced today that it has closed a $200 million Senior Secured Credit Facility, led by the Private Credit business within Goldman Sachs Asset Management. Skyway is supported by its equity sponsor Basalt Infrastructure Partners.
Proceeds from the financing will be used to repay existing indebtedness, to fund general working capital and to fund Skyway’s continued growth and development of high-quality wireless communications towers throughout the U.S.
“We are pleased to obtain this renewed financing commitment from Goldman Sachs, demonstrating our solid financial structure” said Scott Behuniak, President and COO of Skyway. “This commitment accelerates our continued mission to develop new wireless infrastructure for our national carrier partners as they deploy and densify their 5G networks, assist first responders with dedicated networks as well as local wireless broadband providers as they support their customers who increasingly work and school from home.”
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