Phoenix Tower International gets $200 million credit facility

By Wendy Van Sickle

Columbus, Ohio, Dec. 28 – Phoenix Tower International LLC closed on a $200 million senior secured credit facility led by Goldman Sachs Specialty Lending Group, according to a news release.

“This latest refinancing gives us a well-capitalized business plan to continue our growth in the United States with a strong lender group,” Dagan Kasavana, chief executive officer of Phoenix Tower, said in the release.

“We see various opportunities to expand in the United States through traditional macro tower construction and acquisitions as well as through small cell deployments to further help our customers grow their networks to meet consumer demands. This facility will allow us to accomplish both initiatives with dedicated financing in place.”

Phoenix Tower is a Boca Raton, Fla.-based owner and operator of towers and other wireless infrastructure in the U.S., Latin America and the Caribbean.

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