Vertical Bridge’s $236 Million Asset-Backed Notes Issuance and $250 Million Amended and Restated Credit Facility


Simpson Thacher represented special purpose subsidiaries of Vertical Bridge Holdings, LLC in connection with a Rule 144A/Reg S offering of $236 million aggregate principal amount of Series 2018-1 Secured Tower Revenue Notes led by Barclays and Deutsche Bank Securities, and an amendment and restatement of its existing senior secured credit facilities led by TD Securities.

Vertical Bridge is an owner and manager of wireless communications infrastructure in the United States and manages over 61,000 tower, rooftop, billboard, utility attachment and other site locations in support of wireless network deployments. Vertical Bridge Holdings, LLC – led by Marc Ganzi – operates as a holding company.

The Simpson Thacher team included John Schueller (Picture) and Tony Rim (Capital Markets); Brian Gluck and Kyle Spies (Banking and Credit); John Creed, Drew Purcell, Jonathan Cantor and Sarah Katz (Tax); Jeanne Annarumma and Monisha Bhayana (ERISA); Erika Tang (M&A); Krista McManus and Dennis Loiacono (Real Estate); and Michael Isby and Timothy Mulvihill (Environmental).

Involved fees earner: John Schueller – Simpson Thacher & Bartlett; Tony Rim – Simpson Thacher & Bartlett; Erika Tang – Simpson Thacher & Bartlett; Brian Gluck – Simpson Thacher & Bartlett; Kyle Spies – Simpson Thacher & Bartlett; John Creed – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Sarah Katz – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Dennis Loiacono – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Vertical Bridge;

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Author: Ambrogio Visconti