ATLANTA, Sept. 20, 2011 /PRNewswire/ -- Communications Capital Group, LLC ("CCG"), a leader in the wireless infrastructure investment sector and provider of financing alternatives to landlords of wireless telecommunication facilities, today announced the completion of a senior secured term loan facility with up to US$75 million of availability with Macquarie Corporate and Asset Finance, a wholly-owned subsidiary of Macquarie Bank Limited.
The facility will accelerate the growth of CCG, a portfolio company of New York-based Ulysses Management, LLC and Tenth Avenue Holdings, LLC, and support the funding of CCG's acquisitions of cellular ground leases and other wireless infrastructure assets around the country.
"This facility will accelerate CCG's nationwide acquisition program and further advance our straight-talk, value-based proposition to our site-owners and carrier tenants," said Michael A. DeMita III, CCG's Chief Executive Officer. "This transaction, coupled with the backing of our equity investors, cements our position as a well-funded and highly reliable principal in this industry with the internal capacity to honor our acquisition commitments. We have a long-term view of the market and are dedicated to making sure our customers receive the highest possible value for their assets while providing responsive service and a partnership based attitude to our carrier tenants."
About Communications Capital Group, LLC
Communications Capital Group was formed to build a selective portfolio of wireless assets and provide diverse financial alternatives to landlords, tower companies, and carriers in the telecommunications sector. The partners and principals have managed, acquired, or financed over $300 million in this asset class, and in excess of $3 billion in transactions associated with other unique asset classes. As pioneers in the industry, they have financed or acquired hundreds of wireless telecommunications sites throughout the United States.
For more information about Communications Capital Group, LLC, visit www.comcapgroup.com
SOURCE Communications Capital Group, LLC