Cleary Gottlieb has advised Andean Telecom Partners (ATP) and its subsidiaries ATP Tower Holdings, Andean Tower Partners Colombia, Andean Telecom Partners Peru, and Andean Telecom Partners Chile, on the amendment and restatement of its existing revolving credit facility for, including an increase in the size of the facility to $120 million.
The revolving credit facility is secured by ATP’s subsidiaries, ATP Fiber Colombia, Redes de Fibra del Perú and ATP Fiber Chile, and secured by a first priority lien on the shares of ATP’s operating subsidiaries.
The Bank of Nova Scotia acted as administrative agent and lender; while Goldman Sachs, JPMorgan Chase and Deutsche Bank also acted as other lenders.
ATP is a private telecommunications and digital infrastructure provider in the Andean region. It operates in Colombia, Peru and Chile, providing services to telecoms and wireless operators, as well as playing a central role in enabling mobile and broadband connectivity in the Andean region.
Cleary’s team included partner Juan Giráldez (pictured left), associate José Andrés de Saro and international lawyer Rodrigo López Lapeña.