To secure the issuance, Vertical Bridge bundled 10,425 towers as collateral to raise $1.94bn ABS across all 50 states, Puerto Rico, and Washington D.C. “The success of our 2026- ...
The deal is the cell tower sector's largest-ever securitization and features its first single-B rated tranche.
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Verizon Communications (VZ) on Monday agreed to a $3.3 billion deal to give Vertical Bridge exclusive rights to lease, operate and manage thousands of its wireless communications towers across the US.
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