Optasite gets $150 million credit facility

By Sara Rosenberg

New York, Nov. 9 - Optasite Inc. closed on a new $150 million credit facility, according to a company news release.

Morgan Stanley Asset Funding, Inc. acted as the lead bank on the deal.

Proceeds from the facility, which was completed on Nov. 1, will be used to continue the company's expansion of its tower portfolio through both the development of new towers and the acquisition of existing towers and tower portfolios.

Optasite is a Westborough, Mass.-based developer, owner and operator of telecommunications tower sites.

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