ST. LOUIS-AAT Communications Corp. has closed on a new $325 million senior credit facility, which it plans to use to repay debt, increase its cash balance and to fund new acquisitions and tower development.
The credit facility includes a $200 million Term Loan B, a $75 million delayed-draw Term Loan A and a $50 million revolver. “This facility will leave us with a cost-efficient capital structure and flexibility for growth,” said Jerry Kent, AAT’s chief executive officer.
