Ecuador Tower Company Ltda.’s $10 Million Credit Facility

Flor & Hurtado and Trinity represented CIFI LATAM, S.A. on the transaction, Ferroalianza advised Ecuador Tower Company Ltda

On June 12nd 2020, CIFI LATAM, S.A. closed a US$10 million secured loan facility with Ecuador Tower Company Ltda. (“ETC”) in Ecuador.

The funds will be used to expand the cellular tower infrastructure ETC has in Ecuador, improving the facilities and increasing access to mobile telephony.

The Ecuador based firm of Flor & Hurtado advised the Lender as local counsel, Trinity LLP advised the Lender on international law matters. Ferroalianza Abogados advised the Borrower as local counsel and Cozen O’Connor advised the Borrower and the Sponsors on international law matters.

It has been a great experience of all involved to meet the standards of the deal during these challenging times and complete the transaction allowing ETC to continue expanding its operations in the country.

Flor & Hurtado advised CIFI LATAM, S.A. with a team including Mario Flor (Picture), Alejandra Soriano, Alejandro Perez and David Cruz.

Trinity LLP advised CIFI LATAM, S.A. with Augusto Repetto.

Ferroalianza advised Ecuador Tower Company Ltda with Mario Larrea and Francisco Larrea.

Involved fees earner: Mario Larrea – Ferroalianza; Francisco Larrea – Ferroalianza; David Cruz – Flor & Hurtado; Mario Flor – Flor & Hurtado; Alejandro Pérez Arellano – Flor & Hurtado; Alejandra Soriano – Flor & Hurtado; Augusto Repetto – Trinity International LLP;

Law Firms: Ferroalianza; Flor & Hurtado; Trinity International LLP;

Clients: CIFI – Corporacion Interamericana para el Financiamiento de Infraestructura, S.A.; Ecuador Tower Company Ltda;

Author: Ambrogio Visconti.