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ExteNet Systems Announces Capital Restructuring to Fuel Growth in Small Cell Market
- Client News
- July 23, 2015
ExteNet Systems, Inc., a leading provider of distributed networks enabling outdoor and indoor wireless connectivity, announced that Digital Bridge Holdings and Stonepeak Infrastructure Partners have committed or arranged for over $1 billion in a recapitalization of the company in which the interests of existing investors will be acquired and additional capital will be provided to support the long-term growth of the business. The recapitalization will enable ExteNet to continue pursuing strategic deployment of outdoor and indoor distributed networks, including Small Cells, to meet the network densification and the advanced wireless connectivity needs of its customers, which include the nation's leading wireless carriers and venue owners.
The Paul, Weiss team that represented ExteNet's preferred stockholders in connection with the transaction included corporate partner Bruce Gutenplan and tax partner David Sicular.