WESTBOROUGH, Mass.-Tower company Optasite Inc. announced it obtained a new $65 million credit facility. The company said GE Capital Markets Inc. led the financing arrangements.
GE Capital Markets was also the lead financer of SBA Communications Corp.’s recently announced $160 million credit facility. SBA is among the nation’s largest tower companies, owning some 3,200 towers in the eastern United States.
Optasite owns about 200 towers in the Northeast, Midwest and Mid Atlantic regions and said it plans to use the credit facility to acquire and develop additional towers and sites. The company said it aims to eventually serve the Eastern half of the continental United States.
“With its attractive portfolio of towers, Optasite is well positioned for future growth,” said Mark Bernier, senior vice president of GE Commercial Finance, Global Media and Communications.
