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Global Tower Partners Establishes Two New Financing Facilities

02/22/2010, GTP

Provides GTP with Low Cost and Long-term Growth Capital

Boca Raton, FL, February 17, 2010 - Global Tower Partners (the "Company") announced that it closed two separate financing facilities on February 17, 2010, which provide the Company with capital to pursue growth opportunities while enhancing existing financing terms.

• Tower Revenue Securitization - $250 million of Secured Tower Revenue Notes. The notes have a weighted average interest rate of 5.17 percent, with a five-year anticipated repayment date and a 30-year legal maturity. The transaction was underwritten by Barclays Capital and Deutsche Bank Securities, with co-managers, TD Securities, RBC Capital Markets, BoA Merrill Lynch and Macquarie Capital.
• Senior Credit Facility - a new $155 million senior credit facility, with a five-year maturity. The transaction was arranged by Toronto Dominion Bank and was also led by Royal Bank of Canada, Barclays, Deutsche Bank, Bank of America, N.A. and Macquarie Bank.

The Company has used a portion of the net proceeds to pay off existing indebtedness and the remainder is expected to provide the Company incremental capital to fund its future business plan activities, as well as for general corporate purposes.

Marc Ganzi, CEO of Global Tower Partners, said: "Through our second securitization, we have taken the opportunity to lower our cost of funding in the current market at attractive terms. We also see a range of opportunities to continue growing our existing portfolio and our new senior credit facility positions us well to pursue them."

Global Tower Partners is the 4th largest independent owner and operator of wireless communications sites in the U.S. with a portfolio of approximately 3,200 owned towers and 6,500 rooftop sites available for collocation. For more information about Global Tower Partners, please visit www.gtpsites.com.

Cautionary Language Concerning Forward-Looking Statements

This press release contains "forward-looking statements" concerning the proposed offering that are based on management's current expectations and assumptions and that are not based on historical facts. Examples of these statements include, but are not limited to, statements regarding the Company's expectations of the dollar amount to be raised in the proposed offering, the Company's ability to complete the proposed offering and the timing of the closing of the offering, and the Company's expectations for the use of proceeds from the proposed offering. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include uncertainties relating to market conditions for mortgage-backed securities generally, for securities backed by mortgages on communications towers, and for these securities in particular. We undertake no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

About Global Tower Partners

Global Tower Partners (www.gtpsites.com), based in Boca Raton, Florida, is one of the leading providers of outsourced antennae site facilities to the wireless communications industry in the United States. GTP's business includes the ownership, development, leasing and management of antennae sites on towers and commercial real estate rooftops. GTP owns, master leases or manages more than 6,500 sites, including 3,200 owned towers throughout the United States. GTP's customers are leading wireless communications providers including Sprint-Nextel, AT&T Wireless, T-Mobile, Verizon Wireless, US Cellular, Metro PCS, Leap Wireless, and Clearwire.

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