The proposed transaction consists of a Senior Loan for a period of 10 years for an amount up to US$60 million (the “IDB Group Financing”) to support PTI’s: (i) capital expenditure plan, and (ii) acquisitions. IDB Group’s market knowledge and expertise in developing markets is well suited to assist PTI in the Caribbean and South American market.
The financing will consist of an A Loan of up to US$45 million and a B Loan for up to US$15 million.
PTI is a leading independent owner and operator of wireless communications infrastructure leasing sites to Mobile Network Operators (“MNOs”) across the Caribbean and Latin American region.
December 4 of 2018:
* Phoenix Tower US Holdings, LP and its relevant Subsidiaries.
** Prior to Second Disbursement.
*** Regional: South America and the Caribbean.