AMP Capital’s Infrastructure Debt team has closed a $200 million mezzanine debt investment with Vertical Bridge, the largest private owner of telecommunications tower infrastructure in the United States.
Vertical Bridge was established in 2014 and owns or leases towers, rooftops, billboards, utility attachments and other site location assets, which are then leased to telecommunications carriers and other users of wireless technology.
Advances under the facility will be used by the company to support its organic and inorganic growth pipeline during the next 18 months to two years.
“This transaction represents a key milestone for our business and adds a terrific asset to the portfolio for our investors,” said Patrick Trears, principal at AMP Capital Infrastructure Debt. “We see the North American telecommunications infrastructure space as particularly attractive right now, and expect it will be a driver of future growth for our platform. The facility for V