Norton Rose Fulbright and Harneys advised AMP Capital and Caisse de dépôt et placement du Québec.
The transaction consists of three tranches at close that may be further increased through an accordion feature up to a total of €775 million (approx. USD 940 million) to fund future growth.
Phoenix Tower International (PTI) is a leading wireless communications infrastructure provider that owns and operates over 12,500 towers, 986 km of fiber and markets over 80,000 other wireless infrastructure and related sites located in 16 countries throughout Europe, the United States, Latin America and the Caribbean. The multi-jurisdictional holdco financing will be used to fund PTI’s recent growth in Europe and provides substantial additional capacity to support further growth in both existing and new markets worldwide as well as financing the acquisition of TowerTel S.p.A in Italy. This underpins PTI’s continued focus on being a leading global provider of infrastructure assets.
Norton Rose Fulbright banking and finance partners Tomas Gärdfors (Picture – London) and Joseph Giannini (New York) led a cross-border team of over 50 lawyers from across 18 teams in the firm’s London, New York, Milan, Paris, Luxembourg and Brussels offices, including partners Oliver Stacey (London), Arturo Sferruzza (Milan) and Arnaud Bélisaire (Paris). They were supported by a legal process and technology team in the firm’s Newcastle office.
The Harneys’ team was led by Partner Theodoros Zafiropoulos with assistance from Senior Associate Ariana Georgallis.
Involved fees earner: Ariana Georgallis – Harneys; Theodoros Zafiropoulos – Harneys; Arnaud Bélisaire – Norton Rose Fulbright; Tomas Gärdfors – Norton Rose Fulbright; Joseph Giannini – Norton Rose Fulbright; Arturo Sferruzza – Norton Rose Fulbright; Oliver Stacey – Norton Rose Fulbright;