September 29, 2020 - AMP Capital signs initial AUD$130 million infrastructure financing deal with Stilmark, an independent Australian tower company and neutral host operator. Stilmark has a track record of deploying new sites faster and at a substantially higher rate of success than its competitors. The company builds, owns, and operates a national portfolio of telecommunications towers, which are critical infrastructure assets used by mobile carriers and wireless network operators to provide network connectivity to their customers. Stilmark is actively building new mobile infrastructure across Australia and is committed to meeting the evolving network needs of carriers, including the rollout of 5G networks.
The investment with Stilmark is AMP Capital's latest infrastructure debt deal in the Australia region.
Stilmark founder and CEO Steven Butler said: “We are delighted to have partnered with global investors of the caliber of AMP Capital to accelerate the rollout of mobile infrastructure for our customers. The rollout of 5G this year, together with the expected mmWave spectrum auction in 2021, is driving strong demand for telecommunications infrastructure in Australia. Stilmark is ideally placed to meet this demand.”
Q Advisors, a leading global TMT boutique investment bank, acted as the exclusive financial advisor to Stilmark for this transaction.
Read the full announcement here.
Faced with a rapidly expanding pipeline of growth opportunities, we engaged Q Advisors to help usevaluate the range of financing alternatives available, select the right partner, and complete a transactionbest suited to meet our objectives. The Q team was instrumental in negotiating outstanding financingterms and navigating complex issues on an expedited basis. We were deeply impressed with theirenthusiasm, knowledge of the private capital markets, and insights into the communications infrastructurespace. We look forward to continuing our partnership with Q Advisors.Steven Butler, CEO Stilmark Holdings