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Varagon Capital Partners provides credit facility for Eco-Site

Varagon Capital Partners (Varagon) has provided a credit facility to support the continued growth of Eco-Site, a North Carolina-based wireless tower and infrastructure company.

Varagon served as administrative agent and lead arranger on the deal, which included MSouth Equity Partners, a long-time financial partner of Eco-Site.
Headquartered in Durham, North Carolina, Eco-Site builds, owns and operates wireless towers and infrastructure sites in the most desirable areas. Founded in 2012 by wireless industry executives with extensive carrier and infrastructure experience, the company provides superior real estate solutions for network densification and expansion. Eco-Site offers single-point access to a nationwide pool of sites, including build-to-suit towers, colocation solutions and retail properties. 
“Extending Varagon’s investment in the telecommunications space with MSouth and Eco-Site offers great promise, especially considering their track record in this space,” says Sam Kwon, Managing Director of Varagon. “We look forward to working with such a strong management team, led by CEO Dale Carey, as they write the next chapter in the Eco-Site story and capitalise on the growth potential of wireless.”
“The entire Varagon team proved to be reliable and easy to work with as they provided a flexible debt solution to help fuel the business. They played an integral role in this transaction and the MSouth team is pleased to have Varagon provide this latest funding for Eco-Site,” says Barry Boniface, Partner of MSouth Equity Partners.

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