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Ares leads $2bn financing for Phoenix Tower International

privateequitywire

16 hours ago

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Ares Management is leading a $2bn debt facility for Phoenix Tower International (PTI), as part of a broader $6.5bn financing package designed to refinance the telecom infrastructure operator’s existing debt and fund its continued expansion, according to a report by Bloomberg.
The financing brings together multiple lenders, with Ares providing the largest disclosed portion of the package. The overall transaction is the biggest financing of its kind for a privately held tower company, according to...

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