Cordiant leads $79 mln debt financing of Brazil Tower
Brazil Tower Co (BTC), a São Paulo-based builder, developer and owner of wireless and broadcast communications towers, has closed a US$79 million first tranche of a US$104 million senior secured debt financing. The tranche was provided by three lenders led by Cordiant Capital, a Canadian emerging markets private credit firm. The proceeds will be used to fund construction of the company's contracted pipeline and refinance debt. BTC, which has built and operates more than 600 towers in Brazil, is backed by 1848 Capital Partners.
25 April 2018•3 mins read
