Kirkland Advises on Debt Facility to Be Incurred by Joint Venture Between T-Mobile and Wren House

Kirkland & Ellis advised on a debt facility consisting of term loans, CapEx loans and revolving loans to be incurred by a joint venture between T-Mobile and Wren House for the acquisition of i3 Broadband. The proceeds will be used by the joint venture for the development of fiber network assets owned by the JV. The transaction with Wren House is expected to close in 2H 2026, at which time T-Mobile expects to invest approximately $700 million to acquire a 50% equity interest in the JV and substantially all existing residential fiber customers.

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The Kirkland team included debt finance lawyers Jacqueline Trudeau, Katherine Hannah, Roald Nashi, Greg Howling, Miriam Domer, Carolyn Mitchell and Michael Stein; real estate lawyer Jacob Clark; and corporate lawyer Chris Turek.