123.456.7890 Email

Phoenix Tower International completes US debt recapitalization

August 31, 2017

Phoenix Tower International’s US subsidiaries completed a recapitalization with a 5-year senior secured credit facilities totaling $109.3 million. TD Securities, who led the original debt acquisition financing in 2015, acted as Sole Lead Arranger, Sole Bookrunner and Administrative Agent on the transaction. The new facilities, maturing in 2022, replace the company’s existing loans due 2020. Headquartered in Boca Raton, Florida, Phoenix Tower International was founded in 2013 and owns and operates towers 1,600+ towers and other wireless infrastructure in the U.S., Latin America and the Caribbean.

Phoenix Tower International expands across the Andean region

July 13, 2017

Phoenix Tower International (“PTI”) announces that it has closed on three separate transactions across Peru and Colombia increasing its wireless infrastructure sites by over 150 towers and increasing its marketable real estate properties by over 2,000 sites across the Americas.

[Read more…]

Phoenix Tower International closes $120M loan facility led by Scotiabank and other lenders to finance wireless infrastructure across Latin America

April 19, 2017

Phoenix Tower International (“PTI”) announces the closing of a long term Latin American credit facility between its subsidiaries in Dominican Republic, Costa Rica, Panama, El Salvador, Colombia and Peru and a consortium of lenders led by Scotiabank and joined by Banco General, S.A., ING Capital LLC, Popular Bank Ltd. Inc., Towerbank International Inc. and Metrobank, S.A. The credit facility provides financing on PTI’s existing wireless infrastructure, new tower development and acquisitions across PTI’s existing six (6) Latin America markets as well as many additional Latin America markets.

[Read more…]

Phoenix Tower International acquires 202 wireless communication tower sites from Digicel in El Salvador

April 6, 2017

Phoenix Tower International (“PTI”) via its subsidiary Phoenix Tower International ES S.A. de C.V. announces that it has closed its transaction with Digicel S.A. de C.V. (“Digicel”) to acquire the ownership or management rights relating to 202 wireless communication tower sites from Digicel. Terms of the transaction remain confidential between the parties.

[Read more…]

Phoenix Tower International closes on 145 wireless communication tower sites and marketing rights to over 400 wireless communication tower sites from Viva in the Dominican Republic

March 29, 2016

Phoenix Tower International (“PTI”) via its subsidiary Phoenix Tower Dominicana S.A.S. announces that it has closed its transaction with Trilogy Dominicana, S.A. (“Viva”) to acquire the ownership or management and marketing rights relating to over 400 wireless communication tower sites from Viva. Terms of the transaction remain confidential between the parties.

[Read more…]

Phoenix Tower International closes on rights to over 600 wireless communication tower sites from T-Mobile in the United States

November 10, 2015

Phoenix Tower International (“PTI”) announces that it has closed its transaction with T-Mobile to acquire the ownership or management rights relating to over 600 wireless communication tower sites including the exclusive right to manage and operate the sites from T-Mobile (“T-Mobile”) via PTI’s local US subsidiaries. Terms of the transaction remain confidential between the parties.

[Read more…]

PTI enters into credit facility with Scotiabank to finance its Dominican Republic tower assets

November 6, 2015

PHOENIX TOWER INTERNATIONAL ENTERS INTO CREDIT FACILITY WITH SCOTIABANK TO FINANCE ITS DOMINICAN REPUBLIC TOWER ASSETS

Phoenix Tower International (“PTI”) announces the closing of a $45M five-year credit facility with the bank of Nova Scotia (“Scotiabank”) for its subsidiary, Phoenix Tower Dominicana, S.A.S. The credit facility was used to finance the acquisition of Teletower Dominicana, S.A.S and provide additional financing for new tower development, acquisitions of wireless infrastructure in the Dominican Republic and other corporate purposes.

[Read more…]

PTI set to acquire over 600 tower sites from T-Mobile

August 3, 2015

PHOENIX TOWER INTERNATIONAL ENTERS INTO A CONTRACT TO ACQUIRE THE RIGHTS TO OVER 600 WIRELESS COMMUNICATION TOWER SITES FROM T-MOBILE IN THE UNITED STATES

August 3, 2015 – Phoenix Tower International (“PTI”) announces that it has entered into a contract with T-Mobile to acquire the ownership or management rights relating to approximately 600 wireless communication tower sites including the exclusive right to manage and operate the sites from T-Mobile (“T-Mobile”) via PTI’s local US subsidiaries.

[Read more…]

PTI Announces Acquisition of T4U Holding Brasil S.A.

June 15, 2015

BLACKSTONE PORTFOLIO COMPANY PHOENIX TOWER INTERNATIONAL ANNOUNCES ACQUISITION OF T4U HOLDING BRASIL S.A., COMPRISING MORE THAN 500 WIRELESS TOWERS IN BRAZIL

Boca Raton, FL, June 15, 2015. Phoenix Tower International (“PTI”), owned by funds managed by Blackstone’s Tactical Opportunities business, announces the acquisition of T4U Holding Brasil, S.A. (“T4U”). The acquisition is to be structured as a merger of T4U into PTI’s existing Brazilian tower business. Terms of the transaction were not disclosed.

The combined businesses will operate under the name Phoenix Tower do Brasil, which will own and operate 529 wireless infrastructure assets with a pipeline of over 250 wireless towers under construction for all of the major wireless operators in Brazil.

[Read more…]

PTI Closes $32.15M Loan Facility

May 11, 2015

PHOENIX TOWER INTERNATIONAL CLOSES $32.15M LOAN FACILITY WITH BANCO GENERAL AND OTHER LENDERS TO FINANCE WIRELESS INFRASTRUCTURE ACROSS COSTA RICA AND PANAMA

Phoenix Tower International (“PTI”) announces the closing of a seven (7) year credit facility between its local subsidiaries in Costa Rica and Panama and a consortium of lenders led by Banco General, S.A. joined by Towerbank, Metrobank and Banco General (Costa Rica). The credit facility provides debt financing on PTI’s existing wireless infrastructure as well as additional financing for new tower development and acquisitions of wireless infrastructure in Costa Rica and Panama.

[Read more…]