Telecomunicazioni
PTI Secures $2 Billion Multi-Facility Transaction
As part of the Chilean transaction, PTI acquired from WOM 2,334 tower sites at the initial closing and 1,466 additional sites to be delivered by 2024 for a total consideration of approximately $930M . PTI has become the largest communications tower owner in Chile , expanding its global presence to over 22,000 towers in 19 countries.
White and Case LPP acted as external legal counsel of the lenders, and Locke Lord LLP acted as external legal counsel of the company.
In addition to Scotiabank acting as Sole Lead Arranger and Sole Bookrunner in the financing, and Sole Financial Advisor in the acquisition, the following banks acted as Senior Mandated Lead Arrangers or Mandated Lead Arrangers, while 13 other institutions acted as Lead Managers, Managers and Participants: BNP Paribas, Crédit Agricole Corporate & Investment Bank, ING Capital LLC, Banco Santander, S.A., Sumitomo Mitsui Banking Corporation, Societé Générale, JP Morgan Chase Bank, N.A., MUFG Bank, Ltd.
About Phoenix Tower International
Pro forma for pending transactions, PTI, through its affiliates and subsidiaries, owns and operates over 22,000 telecom towers throughout
Europe , the United States ,
Latin America and the
Caribbean .
PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI's investors include funds managed by Blackstone and various members of the management team and is headquartered in Boca Raton, Florida . For more information, please visit www.phoenixintnl.com
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