Harmoni Towers Secures $620m in Private Placement Financing

Harmoni Towers has completed the closing of its inaugural $620 million private placement financing. According to Harmoni, the financing is backed by more than 1,700 high-quality macro tower sites underpinned by master lease agreements with major US wireless carriers.

"This inaugural financing marks an important milestone in Harmoni's growth and our continued mission to deliver high-quality digital infrastructure across the US," said Yannis Macheras, chief executive officer of Harmoni Towers. "The strong investor demand and oversubscription of the issuance underscore the market's confidence in our platform, assets, and leadership team."

"We believe this financing further positions Harmoni as a premier independent tower company with the scale and balance sheet to meet the growing connectivity needs of the US wireless ecosystem," said Omar Jaffrey, founder and managing partner of Palistar Capital.