Harmoni Towers Secures $620M in Historic U.S. Cell Tower Bond Deal

The Facts -

Harmoni Towers Secures Historic $620 Million in Cell Tower Financing

In a monumental step for the wireless infrastructure sector, Harmoni Towers has successfully closed on a $620 million private placement financing. This transaction is the largest of its kind in the U.S., reflecting the company’s pivotal role in the telecommunications industry.

On November 4, 2025, from its headquarters in Charlotte, N.C., Harmoni Towers, under the ownership of Palistar Capital LP, announced its major financing accomplishment. The deal, conducted as a 4(a)(2) private placement, was highly sought after, being oversubscribed by threefold. The bonds are backed by over 1,700 macro tower sites, secured under master lease agreements with primary U.S. wireless carriers, and are evaluated as investment grade with a pricing of 150 basis points over treasuries.

Chief Executive Officer Yannis Macheras expressed the significance of this financing, stating, "This inaugural financing marks an important milestone in Harmoni's growth and our continued mission to deliver high-quality digital infrastructure across the U.S." The demand for these notes highlighted investor confidence in Harmoni’s assets and leadership.

The financial leverage from this transaction will support Harmoni’s ongoing expansion efforts. Chief Financial Officer Jack Barry noted the importance of the funds in supporting the company's build-to-suit expansion strategy alongside carrier partners, underscoring the operational strength and discipline within Harmoni.

Omar Jaffrey, Founder and Managing Partner of Palistar Capital, highlighted the significance of this achievement, positioning Harmoni as a leading independent tower company prepared to meet the country's growing connectivity needs. Investment Partner Joshua Oboler also acknowledged the collaborative effort of Harmoni’s partners in achieving this milestone.

TD Securities played a crucial role as the sole structuring agent and lead ratings advisor, while also partnering with Goldman Sachs as joint lead placement agents.

About Harmoni Towers

Harmoni Towers, a key player in the telecommunications infrastructure space, focuses on building and operating essential communication networks. With over 2,000 sites either completed or underway, Harmoni stands as one of the most active tower builders in the U.S. For more information, visit https://harmonitowers.com.

About Palistar Capital

Palistar Capital LP, guided by Omar Jaffrey, specializes in digital infrastructure investments, providing innovative financial solutions for leading companies in the sector. To learn more, visit www.palistar.com.

Media Contacts
Mary Beth Grover / Keely Gispan
ASC Advisors
mbgrover@ascadvisors.com / kgispan@ascadvisors.com
(203) 992-1230

For the original content and multimedia downloads, visit: https://www.prnewswire.com/news-releases/harmoni-towers-completes-landmark-620-million-wireless-tower-private-placement-financing-302603217.html

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