Global Tower Partners Gets $60 million Regional Loan

Eight banks have provide to a Costa Rican subsidiary with its first Latin American syndicated loan to finance the construction of two cell phone towers.

Tuesday, April 24, 2012

"The operation involved Citibank, Banco General, Banco G & T Continental, Corpbanca, MetroBank, RBC Merchant Bank (Caribbean) Limited and Towerbank International. Additionally, Improsa Bank acted as trustee," reported Elfinancierocr.com.

GTP Torres CR is a subsidiary of Global Tower Partners. Citibank was entity structuring the regional operation through the signing of an International Banking Facility, a $60 million syndicated loan financing the first cellular tower in Latin America.

GTP is the fourth largest independent tower operator in the United States and the largest operator of private capital towers. It owns, manages or leases15,000 wireless sites, including 6,400 towers in the United States, Mexico and Costa Rica.

More on this topic

$120 million in Financing for Cell Towers

July 2012

The Guatemalan company Continental Towers will receive funding from the International Finance Corporation to build and maintain cell towers in Central America.

According to an article in Elperiodico.com.gt, "The IFC's investment includes a loan of $40 million and a syndicated loan of $80 million with Banco HSBC Panamá, Banco General de Panamá, the Dutch Entrepreneurial Development Bank (FMO) and the Inter American Corporation for Infrastructure Financing. "

Banco G & T Acquires Citi Guatemala Portfolio

December 2011

G & T Continental has acquired, at $64 million, Citibank de Guatemala’s housing portfolio.

Flavio Montenegro, general manager of G & T Continental, said the payment was in cash and Citibank de Guatemala has already handed over the records of the respective accounts.

For its part, Crista Kepfer, public relations officer of Citibank, told Prensalibre.com,"The decision was made to sell the FHA mortgage portfolio as part of Citi's strategy of focusing on a global scale in other banking segments and using those resources to invest in other lines of business. "

Multi-million-dollar loan for Honduran company

April 2008

The Banco Financiera Comercial Hondureña S.A. (Ficohsa) and Guatemala's Banco GT Continental, together with several local banks, including Atlántida, BAC-Bamer, GTC Bank, Banco Aliado and Tower Bank, have put together a syndicated loan of 77 million dollars for Corporación Dinant.

The funds will be used for investment in plant and agro-industry. Surplus funds will be used for publicity and marketing.

Hondutel Investors Want Control

September 2012

Companies interested in investing in the Honduran state run telecommunications company want to acquire more than 50% of the company and thereby gain control of it.

In August Hondutel manager, Romeo Vasquez Velasquez announced that guidelines were being worked on to grant a private company 49% of the company so that they could operate in cellular telephony exclusively.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


All Electronics Distributor

All major brands of electronics: Apple, Samsung, etc.
Disponibility of all major brands. At competitive...

Stock Indexes

(Sep 23)
Dow Jones
-0.68%
S&P 500
-0.58%
Nasdaq
-0.42%

Commodities

(Sep 23)
Brent Crude Oil
97.58
Coffee "C"
185.05
Gold
1,222
Silver
17.713