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Cases & Deals

January 9, 2019

King & Spalding Closes Three Additional Wireless Tower Financing Transactions

King & Spalding closed three wireless tower financing transactions in the last quarter of 2018.

King & Spalding closed two wireless tower securitization transactions on December 17 and November 9, respectively, where the firm represented two major wireless tower operators and their securitization subsidiaries in the offering of over $300 million in aggregate fixed rate notes to investors backed by our clients’ portfolios of real property interests and other assets in the United States and Canada leased to companies in the wireless communications industry.

In a deal that closed on December 24, King & Spalding represented a major banking institution as the lender in a $200 million funding of a subsidiary of an owner and operator of wireless infrastructure and cell tower sites in the United States and Central and South America.

The King & Spalding finance teams for the transactions were comprised of partners Carolyn Alford, Michael Urschel, counsels Anthony Mechcatie and William Westbrook, associates Jennifer Tian, Ashley Vandevender, Mackenzie Yaeger and Matthew Burton, senior attorney Bert Eidson, staff attorney Kelly Henning, and paralegals Danielle Nelson and Mia Ramic with assistance from partners Hector Llorens, Jeff Misher and Chris Molen on opinion matters, partners Arthur Steinberg and Sarah Borders on bankruptcy, partners John Taylor and John Sweet and associate John Green on tax, partners Sam Choy and Laura Westfall and associate Lucretia Messiah on ERISA, partner Angela Hayes and associate Daniel Hirschfield on EU issues and counsel George Williams on EU risk retention matters.  The real estate team was led by associate Joe Quinn and included the assistance of associates Robert Grue, Molly Haren, Steve Zavodnick, project attorney Caroline Magee and paralegal Cliff Russell.