ATN International (ATNI) just unveiled an announcement.
On August 29, 2024, ATN International, Inc.’s subsidiaries secured a financial package from a consortium led by Bank of America, providing a credit facility totaling $390 million, split between a $90 million revolving facility and a $300 million term loan. The arrangement, set to mature by August 29, 2029, aims to refinance existing debt, cover transaction-related expenses, and support general corporate activities, including potential incremental term loans based on EBITDA and subject to specific conditions. Interest rates are tiered based on leverage ratios, and the company must adhere to certain covenants and ratios to maintain the agreement.
For detailed information about ATNI stock, go to TipRanks’ Stock Analysis page.
