Exciting Wall Street news continues for Strategic Venue Partners (SVP), a leading provider of in-building wireless connectivity-as-a-service. The company, which already had strong financial backing, has just received an even greater vote of confidence from TD Securities in the form of an upsized and favorably amended syndicated debt facility. The end result? An incredibly strong springboard for SVP to use in attracting the surging demand for upgraded, cost-effective wireless infrastructure solutions from businesses and venues across the U.S.
The terms of the facility are highly competitive for a corporate line of credit of this type and quantum. The tenure of the amended debt facility is for five years to May 2028.
“This transaction is a major milestone that will enable SVP to continue to meet the growing demand for de-risked, long-term, managed wireless infrastructure as a service solutions with an efficient capital structure solution,” says Justin Marron, CEO of SVP. “We look forward to the continued ability to transform wireless connectivity solutions for our customers through our unique managed service solution fueled by the confidence and financial backing of our partners at TD Securities and beyond.”
According to industry analysts, the global wireless infrastructure market will grow at a CAGR of 11% through 2030, reaching a total valuation of $466.86 billion. The increasing adoption of IoT-based electronic devices and the resulting rise in mobile data traffic is driving venue owners across the U.S. to seek scalable, future-proofed and cost-effective wireless infrastructure solutions. With its unique, disruptive in-building wireless infrastructure-as-a-service offering and recent addition of three new executives to its leadership team, SVP is now exceptionally well-poised to meet this demand.
As noted in an earlier SVP news release, the company has been disrupting the market for wireless infrastructure solutions since its inception. For many enterprises and venues, outfitting their buildings with vital, modern wireless infrastructure involves high capital expenditures for solutions that can quickly become outdated. SVP holistically solves this problem by shouldering the up-front capital investments and delivering turnkey wireless infrastructure solutions as a service: affordable, customizable and future-proofed so its venue customers can always meet the technology demands of tomorrow.
You can read the full press release in its entirety here.
For more information about SVP and its customers, visit www.strategicvenue.com.
