Atlantic Tele-Network, a US telecoms holding company with interests in the Caribbean, has amended and restated its existing senior secured credit facility. This will provide for the addition of a new US$50m term loan and a US$25m expansion of its…
Atlantic Tele-Network, a US telecoms holding company with interests in the Caribbean, has amended and restated its existing senior secured credit facility. This will provide for the addition of a new US$50m term loan and a US$25m expansion of its existing revolver facility, the company said in a statement.
The amended and restated credit facility also includes the company’s existing US$72m and US$148m term loans, which were outstanding under the company’s previous credit facility.
“This expansion gives us the flexibility to fund planned capital expenditures and continue the company’s growth initiatives,” ATN’s CFO Justin Benincasa said in the statement.
ATN was not available for further comment at the time of going to press.
