Vertical Bridge cell tower deal sees 10 times oversubscription

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By Jennifer Kang
02 Jun 2020

Cell tower operator Vertical Bridge closed a $534m ABS deal last week, with orders exceeding the amount of bonds offered by 10 times.

The cell tower industry is being boosted by a host of tailwinds even through Covid-19, including factors such as the T Mobile-Sprint merger, and the growing demand for 5G, sources said this week.

Vertical Bridge returned to the securitization market early in May with its biggest deal ...

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