Q Advisors is pleased to announce that Spring Mobile has completed a multi tranche, senior secured debt financing provided by Fifth Third Bank. Spring Mobile is one of the largest AT&T-exclusive retailers of wireless devices and services in the country. It currently operates over 100 stores in 12 Western and Central states, and the Company plans to grow aggressively through both acquisition and the opening of new stores. The Fifth Third facility was comprised of a revolver, term loan, and an acquisition line.
Q Advisors acted as the exclusive financial advisor to Spring Mobile.