Mobile Infrastructure completes $100M asset-backed securitization deal.
Securitization Facility Announcement: Mobile Infrastructure has closed a $100M Asset-Backed Securitization facility secured by 19 parking assets, with notes rated BBB and priced at an interest rate of 4.15%.
Debt Repayment and Maturity Extension: The proceeds will be used to repay approximately $84.4 million of near-term debt, extending expected maturities to 2030.
Strategic Flexibility: This facility enhances the company's ability to rotate assets for strategic divestitures and redeploy capital into more profitable investments.
Advisory Role: Cantor Fitzgerald & Co. served as the Sole Structuring Advisor and Sole Placement Agent for the transaction.
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