{"id":64189,"date":"2018-10-03T11:17:00","date_gmt":"2018-10-01T20:47:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/english-phoenix-tower-international-closes-485mn-term-loan-facility-to-finance-further-international-growth\/"},"modified":"2018-10-03T11:18:03","modified_gmt":"2018-10-03T15:18:03","slug":"phoenix-tower-international-establece-facilidad-de-prestamo-a-plazos-de-485-millones-para-financiar-el-crecimiento-internacional","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/phoenix-tower-international-establece-facilidad-de-prestamo-a-plazos-de-485-millones-para-financiar-el-crecimiento-internacional\/","title":{"rendered":"Phoenix Tower International Closes $485mn Term Loan Facility to Finance Further International Growth"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">BOCA RATON, Florida<\/span>, <span class=\"xn-chron\">Oct. 1, 2018<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Phoenix Tower International (PTI), a leading wireless communications infrastructure provider, announces it has closed a <span class=\"xn-money\">US$485mn<\/span> senior secured term loan facility to continue its international expansion.<\/p>\n<div id=\"prni_dvprnejpgc8dbleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpgc8dbleft\" title=\"Phoenix Tower International - LOGO\" border=\"0\" alt=\"Phoenix Tower International - LOGO\" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/285758\/pti_logov_rgb_Logo.jpg\"\/><\/div>\n<p>PTI successfully upsized and extended its existing credit facility and strengthened the composition of its syndicate group highlighting the company&#8217;s continuing success. The transaction consists of <span class=\"xn-money\">US$290mn<\/span> senior secured 5-year term loan and <span class=\"xn-money\">US$195mn<\/span> delayed draw which will allow PTI to continue expanding internationally.<\/p>\n<p>The credit facility was led by Scotiabank, with Goldman Sachs, Deutsche Bank, Santander, ING Capital, Natixis, Banco General, Orix Capital, and Towerbank participating and is the first Pan-Latin America facility of its kind secured by infrastructure assets. The credit facility provides financing on PTI&#8217;s existing wireless infrastructure, new tower development and acquisitions across PTI&#8217;s existing <span class=\"xn-location\">Latin America<\/span> markets as well as many additional <span class=\"xn-location\">Latin America<\/span> markets including <span class=\"xn-location\">Belize<\/span>, <span class=\"xn-location\">Chile<\/span>, Costa Rica Colombia, <span class=\"xn-location\">Dominican Republic<\/span>, <span class=\"xn-location\">El Salvador<\/span>, the French West Indies, <span class=\"xn-location\">Guatemala<\/span>, <span class=\"xn-location\">Guyana<\/span>, <span class=\"xn-location\">Honduras<\/span>, <span class=\"xn-location\">Jamaica<\/span>, <span class=\"xn-location\">Mexico<\/span>, <span class=\"xn-location\">Panama<\/span>, <span class=\"xn-location\">Peru<\/span>, Suriname, <span class=\"xn-location\">Uruguay<\/span>, <span class=\"xn-location\">Argentina<\/span>, <span class=\"xn-location\">Bolivia<\/span>, <span class=\"xn-location\">Ecuador<\/span>, <span class=\"xn-location\">Nicaragua<\/span> and <span class=\"xn-location\">Paraguay<\/span>. <\/p>\n<p>&#8220;With this financing, PTI has full flexibility to continue to grow the business across <span class=\"xn-location\">Latin America<\/span> with available debt financing at our disposal.\u00a0 This will allow us to deliver for our customers, sellers and business partners in an expedited manner with a syndicated lender group comprised of long term relationships that PTI has had since inception as well as new relationships that will help PTI take the business to the next level in the years to come.\u00a0 We are incredibly excited to close this loan with Scotiabank and the entire lender group,&#8221; said Dagan Kasavana, Chief Executive Officer of PTI.<\/p>\n<p>PTI was represented by <span class=\"xn-person\">Locke Lord<\/span>. Scotiabank and the Lender Group were represented by White &amp; Case. Terms of the transaction remain confidential between the parties.<\/p>\n<p><b>About Phoenix Tower International:<\/b><\/p>\n<p>Founded in 2013, Phoenix Tower International (&#8220;PTI&#8221;) owns and manages over 6,000 towers, 974 km of fiber and other wireless infrastructure and related sites throughout <span class=\"xn-location\">Costa Rica<\/span>, <span class=\"xn-location\">Panama<\/span>, <span class=\"xn-location\">El Salvador<\/span>, <span class=\"xn-location\">Colombia<\/span>, <span class=\"xn-location\">Peru<\/span>, <span class=\"xn-location\">Mexico<\/span>, the <span class=\"xn-location\">Dominican Republic<\/span>, French West Indies, <span class=\"xn-location\">Jamaica<\/span>, and <span class=\"xn-location\">the United States<\/span>, including <span class=\"xn-location\">Puerto Rico<\/span> and the US Virgin Islands.<\/p>\n<p>PTI&#8217;s investors include funds managed by Blackstone Tactical Opportunities and <span class=\"xn-person\">John Hancock<\/span>, as well as various members of the management team. For more information, please visit <a target=\"_blank\" href=\"http:\/\/www.phoenixintnl.com\/\" rel=\"nofollow\">www.phoenixintnl.com<\/a>.<\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/285758\/pti_logov_rgb_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/285758\/pti_logov_rgb_Logo.jpg<\/a> <\/p>\n<p>SOURCE  Phoenix Tower International<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">BOCA RATON, Florida<\/span>, <span class=\"xn-chron\">Oct. 1, 2018<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Phoenix Tower International (PTI), a leading wireless communications infrastructure provider, announces it has closed a <span class=\"xn-money\">US$485mn<\/span> senior secured term loan facility to continue its international expansion.<\/p>\n<div id=\"prni_dvprnejpgc8dbleft\" dir=\"ltr\">&lt;img id=&quot;prnejpgc8dbleft&quot; title=&quot;Phoenix Tower International &#8211; LOGO&quot; border=&quot;0&quot; alt=&quot;Phoenix Tower International -&#8230;<\/p>\n","protected":false},"author":1,"featured_media":64190,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-64189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/64189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=64189"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/64189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/64190"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=64189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=64189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=64189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}