MTP’s issues $386 million in cell tower ABS, its first public deal
Tower Point Capital, the deal's manager, is considered to have one of the largest privately held wireless infrastructure portfolios in the U.S.
Technology, media and telecom
ExteNet to raise $117.5 million in ABS from wireless network leases
ExteNet's capital structure maintains cash flow by including cash trapping and cash sweeping conditions.
Wireless PropCo raises $310.7 million on second ABS deal
The whole business securitization will issue notes through four classes of A, B and C notes, and uses a master trust structure, so it can issue additional classes.
Consolidated Communications raises $2 billion in ABS from fiber network contracts
Residential, business and carrier customers represented 37.2%, 32.8% and 30.0%, respectively, of revenue from the last 12 months.
T-Mobile raises $561.3 million from installment plan revenue
Amortization will start after the deal's two-year revolving period, when the trust will deposit revenue including collections and upgrades into the acquisition account.
Uniti Fiber ABS Issuer to sell $589 million in fiber optic infrastructure
The inaugural deal is expected to close by the end of the month. Among its structural features are cash trap and cash sweep provisions.
Ruling cuts short debt collectors’ victory lap over CFPB proposal
The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.
Sprint to issue another $4B of spectrum-backed bonds
The transaction fills out the original available $7 billion capacity of the Sprint Spectrum trust program, which markets notes backed by the sale-leaseback receivables from Sprint's portfolio of spectrum licenses.
By
Glen Fest
