ATP in $75 Million Credit Facility

February 16, 2024

Cleary Gottlieb represented Andean Telecom Partners (ATP), acting through its subsidiary Andean Tower Partners Colombia S.A.S. as borrower, in a $75 million credit agreement.

The credit agreement was entered into on February 16, 2024, and matures on August 15, 2025. Bancolombia is the lender under the credit agreement.

The credit agreement is guaranteed by ATP Tower Holdings LLC and its subsidiaries Andean Telecom Partners Chile SpA, Andean Telecom Partners Peru SpA, ATP Fiber Colombia S.A.S., ATP Fiber Chile SpA, and Redes de Fibra del Peru S.R.L and secured by a lien on the shares of ATP’s operating subsidiaries.

ATP is the largest privately owned provider of telecommunications and digital infrastructure in the Andean region. It operates in Colombia, Peru, Chile, Ecuador, and Paraguay, and serves telecom operators and wireless carriers along with playing a central role in enabling mobile and broadband connectivity in the Andean region.