SOUTH BEND, IN and Cleveland, OH–Horvath Towers, LLC, an owner and developer of wireless communication sites, is pleased to announce a senior debt commitment of up to $20.0 million from The PrivateBank. Together with Horvath’s equity commitment from Peppertree Capital Management, Inc., Horvath now has $88.0 million of available capital to develop towers.
Jackie Horvath, President and CEO of Horvath Towers, stated, “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.”
Tricia Balser, Managing Director at The PrivateBank, stated, “We recognized Jackie and her team as leaders within the tower industry, and are pleased to partner with Horvath Towers and Peppertree Capital in providing this financing solution.