Strategic Venue Partners Announces Inaugural Issuance of Investment Grade Notes and Refinancing of Revolving Credit Facility to Support Further Growth

Core Insights - Strategic Venue Partners (SVP) completed its inaugural 4(a)2 private placement, raising $120 million in debt from institutional investors, marking a significant milestone in the in-building wireless (IBW) infrastructure industry [1][2] - The fixed price Notes achieved an investment grade credit rating, representing the first long-term financing of its kind for an IBW portfolio, which underscores the long-term value of SVP's wireless connectivity-as-a-service model [1][2] - Proceeds from the debt placement will be utilized to refinance existing wireless infrastructure and support additional development projects, enhancing SVP's market position amid growing demand for mission-critical IBW infrastructure [3] Company Overview - SVP is a leading provider of in-building wireless connectivity-as-a-service, partnering with venues and carriers to design, develop, and operate bespoke wireless systems using advanced technologies [5] - The company has experienced significant growth over the past year, welcoming new customers and expanding its infrastructure assets, which highlights the benefits of achieving scale in the IBW sector [2][3] - Tiger Infrastructure Partners holds a controlling stake in SVP, while Brookfield Asset Management has recently become a minority equity investor, indicating strong institutional support for the company's growth strategy [3] Financing Details - The private placement was arranged by TD Securities, which acted as the sole agent and lead arranger for the credit facility refinancing [4] - The innovative financing structure is designed to support SVP's growth plans and create an attractive capital structure, emphasizing the company's commitment to building and operating critical utility-like wireless infrastructure [2]