Andean Telecom Partners’ $60 Million Revolving Credit Facility

Cleary Gottlieb represented Andean Telecom Partners in the transaction.

Andean Telecom Partners (ATP) executed a $60 million revolving credit facility.  The revolving credit facility 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 revolving credit facility has a term of three years and became effective on April 27, 2021.  The Bank of Nova Scotia is serving as administrative agent and lender under the facility, and the other lenders include Goldman Sachs, JPMorgan Chase and Deutsche Bank.

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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