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Published on 6/5/2023 in the Prospect News Distressed Debt Daily.

Diocese of Rockville closes sale of cell towers for $13.75 million

By Sarah Lizee

Olympia, Wash., June 5 – The Roman Catholic Diocese of Rockville Centre, New York closed the sale of its cell tower assets to SWIF II Investment Co. Towers II, LLC, according to a notice filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

The sale closed on Thursday.

The cash consideration is $13.75 million, as previously reported.

The assets include four Federal Communication Commission licenses, three antenna structures and the contracts related to the assets.

The Rockville Centre, N.Y.-based diocese filed bankruptcy on Oct. 1, 2020 under Chapter 11 case number 20-12345.


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