KBRA Assigns Ratings to Wireless PropCo Funding LLC, Series 2025-1 and Takes Other Rating Actions
6 Jun 2025 | New York
KBRA assigns ratings to the Series 2025-1 Class A-1-V Notes, Class A-2 Notes, Class B Notes, and Class C Notes (the Series 2025-1 Notes) from Wireless PropCo Funding LLC (the Issuer), a communications infrastructure securitization.
Wireless PropCo 2025-1 represents the Issuer's second securitization following the inaugural Series 2024-1 Notes. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes. The proceeds from the sale of the Notes are primarily being used to pay certain expenses of issuance, to fund the Liquidity Reserve Account, acquire the trust collateral and for general corporate purposes. KBRA is also affirming the rating on the Issuer’s outstanding note, the Series 2024-1 Class A Note.
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