News

Horvath Towers Closes New Debt Financing

SOUTH BEND, IN and CLEVELAND, OH -- Horvath Towers, LLC, a leading wireless communication tower developer, announced today that National City Bank has increased its debt financing commitment from $10 million to $18 million. Together with Horvath's equity commitment from Peppertree Capital Fund, LP, Horvath now has $36 million of available capital to develop towers..

Horvath Towers, based in South Bend, Indiana, develops, owns and operates communication towers for wireless carriers throughout the United States.  Horvath Towers has already built over 75 sites since first forming in April, 2007, and has a substantial pipeline of sites in development.

Jackie Horvath, the Company's founder and CEO, said, "We will use this additional capital to continue providing wireless carriers with the most reliable site development services as they improve coverage and capacity for their customers. Being able to quickly raise a significant amount of capital in the current market is a testament to our performance."

About Horvath Towers, LLC
Horvath Towers, LLC was formed in partnership with Peppertree Capital Fund, LP in 2007.  Jackie Horvath, the CEO of Horvath Towers, originally established Horvath Communications, Inc. (HCI) in 1996.  Since the company’s inception, HCI has grown from owning just a couple of towers in northern Indiana to owning and developing tower sites throughout the United States. These towers are consistently rated among the highest for occupancy in their respective regions.  For more information, visit www.horvathcommunications.com.

< Return to News