LOS ANGELES, Nov. 10, 2010 /PRNewswire/ -- Wireless Capital Partners, LLC announced today that it closed $327 million of Senior Secured Wireless Site Contract Revenue Notes, Series 2010-1 ("Offered Notes") which will be issued by certain of its indirect subsidiaries in a private transaction.  Deutsche Bank Securities Inc. was Sole Structuring Advisor and Bookrunning Manager on the successful transaction.

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The Offered Notes consist of three classes: Class A Notes of $222 million at 4.141% coupon, Class B Notes of $55 million at 6.829% coupon, and Class C Notes of $50 million at a 9.247% coupon. All of the Offered Notes have an expected maturity of five years and a final maturity in November 2040.

All of the Offered Notes were priced at par with a weighted average coupon of 5.374%.

Brad Knyal, CEO and Founding Member said at closing, "As a result of this transaction the company has significant cash on the balance sheet and a substantial line of credit for the acquisition of additional assets."

Wireless Capital Partners, LLC intends to use the net proceeds received from this offering to repay in full existing credit facilities together with related expenses in addition to fees and expenses associated with the new transaction and for general corporate purposes.

Wireless Capital Partners, LLC was founded in 2001 as a financial services company specializing in cellular real estate.  Since inception Wireless Capital Partners has acquired over 3,000 assets throughout the United States.

SOURCE Wireless Capital Partners, LLC

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