Mobilitie gets $325 million round of financing with CIT Group

By Sarah Lizee

Olympia, Wash., April 23 – Mobilitie Investments III LLC secured a $325 million round of financing with CIT Group Inc.’s technology, media and telecommunications unit as joint lead arranger and administrative agent, according to a press release.

This is the third financing round that CIT has led in recent years on behalf of Mobilitie, the release said.

Proceeds will refinance existing debt and provide growth capital for its ongoing 5G network deployments and upgrades.

Mobilitie is a Newport Beach, Calif.-based wireless infrastructure provider.

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