SARASOTA, Fla.-Global Signal Inc. said it has issued a debt offering backed by a mortgage loan of about $293.8 million for a five-year period. The loan, which is issued in various classes of certificates, will close Dec. 7.
The weighted average interest rate is about 4.74 percent, said the company.
“The proceeds from the mortgage loan will be used to repay Global Signal’s credit facility and finance the future acquisition of wireless communications sites …” said the company.
