ATN International, Inc. Completes Renewal and Expansion of Credit Facilities
July 17, 2023 at 04:40 pm EDT
ATN International, Inc. announced the completion of a $300 million debt financing that includes extending, and expanding its senior secured credit facilities, consisting of a five-year $170 million revolving line of credit and a six-year $130 million term loan. CoBank, ACB acted as Administrative Agent, Lead Arranger and lender, Fifth Third Bank and MUFG Bank Ltd., both acted as Joint Lead Arrangers and lenders for the financing.
ATN International, Inc. is a provider of digital infrastructure and communications services. The Company operates through three segments: International Telecom, US Telecom and Renewable Energy. The International Telecom segment offers mobility services, fixed services, carrier services and managed services in Bermuda, the Cayman Islands, Guyana and the United States Virgin Islands. The US Telecom segment offers fixed services, carrier services and managed services to business and consumer customers in Alaska and the western United States. In the western United States, it also provides mobility services and private network services to enterprise and consumer customers. The Renewable Energy segment provides distributed generation solar power to commercial and industrial customers. Its tradenames include One, GTT+, Viya, Logic, Fireminds, Choice, Choice NTUA Wireless, Alaska Communications, Commnet, Essextel and Sacred Wind Communications. It has approximately 148,300 broadband customers.