Vertical Bridge gets $425 million senior secured credit facilities

By Sara Rosenberg

New York, June 2 – Vertical Bridge HoldCo LLC closed on Monday on $425 million of senior secured credit facilities, according to a market source.

TD Securities (USA) LLC, CIT, Natixis and SunTrust Robinson Humphrey acted as joint lead arrangers and joint bookrunners on the transaction, with TD Securities the left lead and administrative agent.

The facilities consist of a $25 million revolver, a $200 million delayed-draw term loan and a $200 million build-to-suit delayed-draw term loan.

Proceeds will be used with proceeds from a concurrent commercial mortgage-backed security offering to refinance existing debt and fund the company’s active merger and acquisition and tower development program.

Vertical Bridge is a Boca Raton, Fla.-based operator and manager of wireless communication infrastructure.

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