Posse Herrera Ruiz acted as local legal counsel to Phoenix Tower International (PTI), a wireless communications infrastructure provider, in relation with the amendment and restatement of five senior secured credit facilities. The transaction consolidated several loan facilities granted by multiple banks, into a single USD$2.000.000.000. senior secured multi-facility transaction covering all North and South America Subsidiaries. The financing also included the prepayment of a loan granted under previous refinancings to Phoenix Tower International Colombia Ltda. and the amendment of the local guaranties.
- Value: 2.000.000.000 USD
- Announcement date: August 10, 2022
- Closing date: August 10, 2022
Legal Advisors
Counsel to Phoenix Tower International
Posse Herrera Ruiz
| Leading Partner and Other Partners involved | Mariana Posse and Natalia Escobar |
| Other Lawyers | Catalina Posada |
Local counsel to the lenders
Brigard Urrutia
| Leading Partner and Other Partners involved | María Fernanda Diago |
| Other Lawyers | Hui Min Zheng Zheng and Antonio Garlatti-Venturini |
