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ATP closes $375m inaugural debt offering

Marc Ganzi (2).png

Andean Telecom Partners (ATP) has closed its $375,000,000 debt offering, worth 4.05% 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.

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 fibre 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 (pictured), chairman of the board of ATP, CEO of Digital Colony, and president and CEO of Colony Capital.

Moody's, S&P and Fitch provided initial ratings of the Notes with Goldman Sachs & Co and JP Morgan acted as global coordinators and joint bookrunners, and Deutsche Bank Securities and Scotiabank acted as joint bookrunners.

In related news, March saw Nokia select Andean Telecom Partners Perú to support the development of its fixed fibre-to-the-home (FTTH) and mobile (small cells) access project in Peru.

The first indoor deployment is at the Aventura Mall in the northern city of Chiclayo, while the FTTH deployment will take place in the Barranco district of the capital city, Lima. At Aventura Mall, Nokia will install its Small Cell AirScale Indoor (ASiR) system in public shopping areas.

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