Harmoni Towers, one of the largest owners and operators of wireless communications infrastructure in the United States and a wholly owned operating company of Palistar Capital, has completed an inaugural private placement financing of $620 million.
The process garnered interest from a diverse base of bidders, many of whom are some of the largest global asset managers and insurance companies, and as a result, the transaction was approximately three times oversubscribed. This represents the largest project finance cell tower bond issuance in the United States to date.
The investment-grade notes were backed by more than 1,700 high-quality macro tower sites underpinned by master lease agreements with major U.S. wireless carriers.
“This inaugural financing marks an important milestone in Harmoni's growth and our continued mission to deliver high-quality digital infrastructure across the United States,” said Yannis Macheras, CEO of Harmoni Towers. “The strong in
