Andean Telecom Partners (ATP), owned by Colony Capital, has closed its $375,000,000 debt offering, worth 4.05 percent Senior Secured Notes due 2026.
“We are extremely excited for the future. This funding will enable us to continue investing in the strategic growth opportunities that support our valued client partners in their critical efforts to expand and modernize connectivity throughout the Andean region,” said Daniel Seiner, CEO of ATP. “I’m pleased to welcome our new investors to the ATP family.”
The offering was completed through its subsidiaries ATP Tower Holdings, Andean Tower Partners Colombia SAS, Andean Telecom Partners Peru SRL and Andean Telecom Partners Chile SpA, which were guaranteed its subsidiaries ATP Fiber Colombia SAS, Redes de Fibra del Peru SRL and ATP Fiber Chile SpA, according to Capacity Media. Continue Reading
ATP says it will use the proceeds from the offering to repay some of its debt and to finance its regional growth plans across both its tower and fiber business segments.
“ATP’s inaugural bond placement represents an important moment in the company’s history. We are proud to have received such a warm reception from the international capital markets,” said Marc Ganzi, chairman of the board of ATP, CEO of Digital Colony, and president and CEO of Colony Capital.
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