Deal details

Phoenix Tower WOM Chile Acquisition Finance

Description

PTI was founded in 2013 and has become the fastest growing tower company in the Western hemisphere. It currently operates over 20k tower sites spread across 19 countries in the Americas and Europe. The perimeter of the transaction however is limited to the Americas (Latin America & Caribbean and the US), where PTI operates over 12k tower sites spread across 14 countries.The transaction covered: Combining, refinancing, and upsizing of Phoenix Tower International’s credit facilities in Latin America & Caribbean and the US. Part of the Term Loan (“TL”) will be used to finance the first phase of the acquisition of WOM’s towers in Chile (as recently announced by PTI), while the Delayed-Draw Term Loan (“DDTL”) will be used to fund future capex deployment and acquisitions in the region.

Assets involved

Companies involved

  • Verizon Communications, Cable&Wireless, Telefonica, America movil, Viva Energy Holding, T-Mobile, Altice SA, AT&T , Digicel Group
  • White & Case
  • Credit Agricole CIB, Santander, ING Bank, BNP Paribas, Sumitomo Mitsui Banking Corporation (SMBC)
  • Mizuho, Morgan Stanley, Natixis, Bank Of America (BoA), Scotia Bank (The Bank of Nova Scotia)
  • Societe Generale, BNP Paribas, Bank Of America (BoA), Deutsche Bank, Global Bank, MUFG, Morgan Stanley, Goldman Sachs, Mizuho, Credit Agricole CIB, ING Bank, Banco General, JP Morgan, First Citizens, Natixis, Sumitomo Mitsui Banking Corporation (SMBC), Santander, Scotia Bank (The Bank of Nova Scotia)
  • Banco General, Barclays Bank, Deutsche Bank, Goldman Sachs
  • Albagli Zaliasnik, Locke Lord, Allen & Overy
  • Barros, Silva, Varela & Vigil, Simpson Thacher Bartlett, Greenberg Traurig Maher, Choate, Hall & Stewart LLP
  • Bank Of America (BoA), Scotia Bank (The Bank of Nova Scotia), Banco Latinoamericano de Comercio Exterior (BLADEX)
  • Phoenix Tower International
  • Scotia Bank (The Bank of Nova Scotia)
  • Scotia Bank (The Bank of Nova Scotia)
  • Citi

Key information

Phoenix Tower International Spain

2000$m

15-08-2022

Telecoms and Communications / Cellular / mobile infrastructure

Chile

Project & Infrastructure Finance

Not PPP

Tranche information

Term Loan

1095$m

US Dollar - USD

0

5.0 years

-

-

-

Participant role ticket size
BNP Paribas MLA 99$m
Credit Agricole CIB MLA 99$m
ING Bank MLA 99$m
Santander MLA 99$m
Sumitomo Mitsui Banking Corporation (SMBC) MLA 99$m
Societe Generale MLA 83$m
JP Morgan MLA 66$m
MUFG MLA 66$m
Bank Of America (BoA) Lender 50$m
Mizuho MLA 50$m
Morgan Stanley MLA 50$m
Natixis MLA 50$m
Deutsche Bank MLA 48$m
Banco General MLA 38$m
Goldman Sachs MLA 15$m
Scotia Bank (The Bank of Nova Scotia) MLA 44$m
Banco Latinoamericano de Comercio Exterior (BLADEX) Lender 13$m
Global Bank MLA 10$m
First Citizens MLA 10$m

Term Loan

540$m

US Dollar - USD

0

5.0 years

-

-

-

Participant role ticket size
BNP Paribas MLA 48$m
Credit Agricole CIB MLA 48$m
ING Bank MLA 48$m
Santander MLA 48$m
Sumitomo Mitsui Banking Corporation (SMBC) MLA 48$m
Societe Generale MLA 41$m
JP Morgan MLA 33$m
MUFG MLA 33$m
Bank Of America (BoA) MLA 24$m
Mizuho MLA 24$m
Morgan Stanley MLA 24$m
Natixis MLA 24$m
Deutsche Bank MLA 24$m
Banco General MLA 19$m
Goldman Sachs MLA 34$m
Scotia Bank (The Bank of Nova Scotia) Lender 6$m
Banco Latinoamericano de Comercio Exterior (BLADEX) Lender 4$m

Revolving credit facility

56$m

US Dollar - USD

0

5.0 years

-

-

-

Participant role ticket size
Scotia Bank (The Bank of Nova Scotia) MLA 50$m

Term Loan

308$m

US Dollar - USD

0

5.0 years

-

-

-

Participant role ticket size
Scotia Bank (The Bank of Nova Scotia) MLA 308$m