New financing enhances Tillman Networks'
vendor financing offerings, supporting the expansion of digital and
energy transition infrastructure services.
NEW
YORK, April 19, 2024 /PRNewswire/ -- Tillman
Networks, LLC ("Tillman Networks"), a turnkey digital and energy
transition infrastructure services provider, today announced the
successful closure of two $40 million
revolving credit facilities. These facilities are earmarked to
bolster Tillman Networks' turnkey network deployment program in
the United States.
The financing, led by MUFG Bank, Ltd. ("MUFG"), underscores
Tillman Networks' strategic approach to fostering growth in the
digital and energy transition infrastructure sectors. Tillman
Networks' vendor financing product is a cornerstone of its strategy
to deliver an end-to-end solution for its customers. Over the last
three years, Tillman Networks has provided over $250 million in long-term financing to its
customers. By facilitating easier access to funding for essential
infrastructure projects, Tillman Networks aims to accelerate the
deployment of innovative services that meet the evolving needs of
its clients and partners.
"Access to reliable and robust digital and energy infrastructure
has never been more critical," said Ranjot Singh, Chief Financial
Officer at Tillman Networks. "Our partnership with MUFG and the
establishment of these additional new credit facilities not only
highlight our capital market capabilities but also our dedication
to supporting the infrastructure needs of our partners. This move
is a testament to our ongoing commitment to enhancing connectivity
and technological advancement."
This financing is a significant step forward in Tillman
Networks' journey to becoming a leader in digital and energy
infrastructure services, offering solutions that drive progress and
connectivity.
About Tillman Networks LLC
Tillman Networks LLC, a
portfolio company of Tillman Global Holdings, is a provider of
digital and energy infrastructure services, offering a
comprehensive suite of turnkey deployment and maintenance network
services. With a focus on innovation and sustainability, Tillman
Networks is dedicated to advancing the digital landscape through
its strategic investments, partnerships, and vendor financing
product offerings. For more information, please visit
www.TillmanNetworks.com.
Media Contact
Abigail
Rush
5W Public Relations
Tillman@5wpr.com
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SOURCE Tillman Networks