E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/3/2023 in the Prospect News Distressed Debt Daily.

Diocese of Rockville takes $13.75 million winning bid for cell towers

By Sarah Lizee

Olympia, Wash., March 3 – The Roman Catholic Diocese of Rockville Centre, New York named SWIF II Investment Co. Towers II, LLC the winning bidder for its cell tower assets, according to a notice filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

The winning bid includes a cash consideration of $13.75 million.

The assets include four Federal Communication Commission licenses, three antenna structures and the contracts related to the assets.

American Towers LLC was named backup bidder.

A sale hearing is scheduled for March 14.

The Rockville Centre, N.Y.-based diocese filed bankruptcy on Oct. 1, 2020 under Chapter 11 case number 20-12345.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.