K&L Gates Advises Vertical Bridge in $1.4 Billion Asset-Backed Securitization
New York – Global law firm K&L Gates LLP has advised Vertical Bridge REIT, LLC, the largest private owner and operator of communications infrastructure in the United States, and several of its subsidiaries in a $1.4 billion securitization of cell tower leases in the United States. The offering marks the seventh successful asset backed securities (ABS) financing by Vertical Bridge since 2016.
The K&L Gates team, led by New York partner Anthony Nolan, consisted of 15 other legal professionals from eight offices in three different countries including Virginia Stevenson and Kevin Szu-Tu in Charlotte; Donald Bingham in Chicago; Jan Boeing in Luxembourg; Philip Morgan and Kai Zhang in London; David Baghdassarian in Miami; Robert Honeywell, Alan Schacter and Carol Sanchez in New York; Todd Gibson in Pittsburgh; and Eric Feldman, Scott Waxman, Zack Sager and Stephanie Wallo in Wilmington. Pittsburgh partner Dave Osipovich manages the relationship with Vertical Bridge.
Nolan commented: “It was a pleasure to help this client achieve this important funding milestone. Contributing in this way to the growth in digital connectivity was a rewarding opportunity for the firm.”
Vertical Bridge’s portfolio spreads across all 50 states and Puerto Rico and is comprised of towers, rooftops, billboards, utility attachments, convenience stores, and other locations in support of wireless network deployments. In addition to colocation, Vertical Bridge offers build-to-suit, edge data centers and inbuilding wireless network solutions.
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.