SAN FRANCISCO, Dec. 14, 2015 /CNW/ — Q Advisors is pleased to announce that WIND Mobile Corp. (“WIND Mobile”) has completed a new senior debt facility. The transaction allows up to $425 million of total financing to support its plans for network enhancement and the deployment of LTE.
“The combination of this new financing and the spectrum acquired earlier this year fulfills the requirements to move WIND to the next stage in its growth cycle,” said Alek Krstajic, Chief Executive Officer of WIND Mobile. “Q Advisors, which acted as WIND’s exclusive financial advisor on this transaction, has been a long-term strategic advisor to WIND. We were very pleased to have the opportunity to work with Q Advisors again on this milestone transaction. This financing is essential to our next growth phase and Q Advisors was critical to the success of the debt transaction. Q Advisors evaluated a variety of debt financing solutions and ultimately created and closed this complex transaction which will give us a competitive advantage in the Canadian wireless market.”
The facility consists of multiple tranches to fund both operational growth and network expansion. The transaction was backed by a syndicate of banks with Toronto Dominion Bank, Bank of Montreal, and CIBC acting as co-lead arrangers. Additional backing was secured from Finnvera, the export credit agency of Finland, to support network purchases and services provided by Nokia.
About Q Advisors LLC
Q Advisors LLC is a world-class global boutique investment bank formed in 2001 serving public and private companies, PE firms, entrepreneurs and large multi-nationals in the telecom, media, and technology (TMT) sectors. The firm has extensive, global reach, while also providing the personalized service of a boutique advisory firm. Thanks to our partners and senior staff, who come from leading investment banks and operating companies, we leverage extensive industry knowledge and analytical insights to help our clients achieve successful M&A and capital markets transactions. www.qllc.com
About WIND Mobile
WIND Mobile is Canada’s alternative wireless carrier, dedicated to bringing affordable wireless service to Canadians by offering simple and fair unlimited plans with o overage charges and no hidden fees. Learn more about WIND Mobile at WINDmobile.ca or follow online at facebook.com/WINDmobile or twitter.com/WINDmobile.
