The first securitisation backed exclusively by distributed network systems (DNS) assets has hit the market. ExteNet Issuer Series 2019-1 is secured by around 5,800 nodes associated with 267 multi-carrier and multi-technology outdoor (95) and indoor (172) DNS networks and related licenses and equipment.
ExteNet, the sponsor of the transaction and the manager of the securitised assets, is currently the largest independent owner and operator of DNS in North America.
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