Asset Securitization Report

Vertical Bridge REIT sells $1.9 billion in cell tower ABS

The deal is the cell tower sector's largest-ever securitization and features its first single-B rated tranche.
DatacenterDynamics

Vertical Bridge secures $1.94bn for tower financing

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- ...
Seeking Alpha

Verizon and Vertical Bridge agree to $3.3 billion tower transaction

NEW YORK and BOCA RATON, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (VZ) and Vertical Bridge today announced they have entered into a definitive agreement for Vertical Bridge ...
SDxCentral

Vertical Bridge finalizes $3.3bn Verizon tower deal

Vertical Bridge has completed its $3.3 billion acquisition of more than 6,000 towers from Verizon. The company confirmed the closing of the deal late last month. As part of the acquisition, Vertical ...