The financing package includes $5.365 billion in term loan facilities, $635 million in delayed draw term loans, and a $500 million revolving credit facility. PTI plans to use these funds to refinance existing debt, finance ongoing capital expenditures, and pursue strategic acquisitions. The company expects the transaction to close by the end of September.
In section Releases
Phoenix Tower International Secures $6.5 Billion Global Financing
Boca Raton-based Phoenix Tower International has finalized a $6.5 billion multi-jurisdiction financing deal, marking the largest such transaction for a private tower company. The capital provides the firm with a consolidated debt structure and fresh liquidity to scale its wireless infrastructure across 23 countries in Europe, Latin America, and the U.S.
CEO Dagan Kasavana noted that the infusion prepares the firm for the anticipated network strain caused by rising AI traffic and data consumption. CFO Michael Bremer emphasized that the deal simplifies the company’s capital structure while reducing borrowing costs. With over 33,000 mobile network sites, PTI serves as a neutral host for carriers, and this capital injection serves as a foundation for further global expansion.
Comments (0)
No comments yet. Be the first!