Andean Telecom Partners’ $375 Million Notes Offering

Cleary Gottlieb represented Andean Telecom Partners in the offering.

Andean Telecom Partners (ATP), acting through co-issuers ATP Tower Holdings, LLC, Andean Tower Partners Colombia SAS, Andean Telecom Partners Peru S.R.L. and Andean Telecom Partners Chile SpA, executed its inaugural debt offering of $375 million aggregate principal amount of 4.05% senior secured notes due 2026.

The senior secured notes is guaranteed by ATP’s subsidiaries, ATP Fiber Colombia SAS, Redes de Fibra del Peru S.R.L. and ATP Fiber Chile SpA, and secured by a first priority lien on the shares of ATP’s operating subsidiaries.

The offering was conducted as a private placement in reliance on Rule 144A and Regulation S of the U.S. Securities Act of 1933, and closed on April 27, 2019.  The notes are expected to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market thereof. 

Goldman Sachs & Co. LLC and J.P. Morgan acted as Global Coordinators and Joint Bookrunners, and Deutsche Bank Securities and Scotiabank acted as Joint Bookrunners.

ATP is the largest privately-owned provider of telecommunications and digital infrastructure in the Andean region.  It operates in Colombia, Peru and Chile, and serves telecom operators and wireless carriers along with playing a central role in enabling mobile and broadband connectivity in the Andean region.

The Cleary corporate team advising ATP included partners Juan Giráldez (Picture) and Adam Brenneman, associates Laura Daugherty and Eric Finkelberg, and law clerks Abdiel Ortiz Carrasquillo and James Abate.  The Cleary derivatives team included associate Clayton Simmons and law clerk Andrew Pai.  Partner Jason Factor, senior attorney David Stewart Fisher, associate Alexander Cadmus, and law clerk Samuel Kramer advised on tax matters.

Involved fees earner: Adam Brenneman – Cleary Gottlieb Steen & Hamilton; Alexander Cadmus – Cleary Gottlieb Steen & Hamilton; Laura Daugherty – Cleary Gottlieb Steen & Hamilton; Jason Factor – Cleary Gottlieb Steen & Hamilton; Eric Finkelberg – Cleary Gottlieb Steen & Hamilton; Juan Giráldez – Cleary Gottlieb Steen & Hamilton; Clayton Simmons – Cleary Gottlieb Steen & Hamilton; David Stewart Fisher – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: Andean Telecom Partners;

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