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Symphony Wireless and Palistar Capital Complete Inaugural Securitization of U.S. Wireless Easements Assets
- Client News
- May 29, 2024
Paul, Weiss advised Symphony Wireless, LLC, the dedicated cell site acquisition affiliate of alternative asset manager Palistar Capital LP and the exclusive manager of Palistar's portfolio of wireless easements assets throughout the U.S., in a $200 million securitization of Palistar’s easements portfolio. Symphony and Palistar partnered with one of the largest insurance providers in the U.S. to complete the privately rated investment-grade financing. Proceeds from the financing will be used to fund the acquisition of additional assets, distributions to investors and other general corporate purposes.
The Paul, Weiss team was led by corporate partners Ravi Purohit, Charles Pesant and Robert Zochowski, and included counsel Mikhel Schecter; tax partners Matthew Jordan and Scott Sontag and counsel Christina Cerrito and Samir Kurani; real estate partner Salvatore Gogliormella; restructuring partners Sean Mitchell and Kyle Kimpler; international trade counsel Richard Elliott; and executive compensation counsel Jake Glazeski.