ATP in Amendment and Increase of Size of Revolving Credit Facility
October 28, 2022
Cleary Gottlieb represented Andean Telecom Partners (ATP) and its subsidiaries ATP Tower Holdings LLC, Andean Tower Partners Colombia SAS, Andean Telecom Partners Peru S.R.L., and Andean Telecom Partners Chile SpA, in the amendment and restatement of its existing revolving credit facility to, among other things, increase the size of the facility to $120 million.
The revolving credit facility is guaranteed by ATP’s subsidiaries, ATP Fiber Colombia SAS, Redes de Fibra del Peru S.R.L., and ATP Fiber Chile SpA, and secured by a first priority lien on the shares of ATP’s operating subsidiaries.
The Bank of Nova Scotia is serving as administrative agent and lender under the facility, and the other lenders include Goldman Sachs, JPMorgan Chase, and Deutsche Bank.
ATP is the largest privately-owned provider of telecommunications and digital infrastructure in the Andean region. It operates in Colombia, Peru, and Chile, and serves telecom operators and wireless carriers along with playing a central role in enabling mobile and broadband connectivity in the Andean region.