BALA CYNWYD, Pa .– (BUSINESS WIRE) – Radius Global Infrastructure, Inc. (NASDAQ: RADI) (“Radius” or “Company”) announced today that AP WIP Holdings, LLC, a subsidiary of Radius, has entered into a subscription agreement with a multinational financial and insurance company providing for a loan of up to $ 165 million warehouse ”). Radius will use the proceeds of this new loan to repay all of its outstanding liabilities under an existing credit offer secured by domestic land lease funds due to fall due in 2023. Radius expects to use the remaining capital to continue land acquisition. rental assets as well as for general working capital purposes. The fixed rate coupon under the Fund is 3.64% per annum with a planned maturity of five years from the closing date of 21 April 2022, compared to a cash payment interest rate of 4.25% under the previous credit offer. Simultaneously with the completion of the transaction, the company received an ‘A’ rating from Fitch for an instrument with a leverage ceiling of 9.75 times the appropriate annual cash flow.
About the company
Radius Global Infrastructure, Inc. through its various subsidiaries, is a multinational owner and transferee of triple net rents and properties leased to wireless operators, wired operators, wireless tower companies and other digital infrastructure operators as part of their infrastructure needed to offer a wide range of services.
See for more information https://www.radiusglobal.com.
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