ATP Tower Holdings Launches Cash Tender Offer for 4.05% Notes
On January 21, 2025, ATP Tower Holdings, LLC, together with its subsidiaries including Andean Tower Partners Colombia SAS, Andean Telecom Partners Peru S.R.L., and Andean Telecom Partners Chile SpA, announced the commencement of a cash tender offer for purchasing all of the outstanding 4.05% Senior Secured Notes due 2026. This strategic move aims to finance potential future projects and optimize the company's financial position.
The tender offer, referred to as the 'Tender Offer', involves purchasing these senior notes guaranteed by various subsidiaries of ATP, which are currently listed on the Global Exchange Market of Euronext Dublin. This strong initiative reflects ATP's ongoing efforts to strengthen its financial foothold in the telecom infrastructure industry.
Investors interested in this tender offer should take note of the timeline; the offer will expire on January 28, 2025, at 9:00 a.m. New York City time. All notes tendered can be withdrawn until the same deadline, providing a window of flexibility for the investors considering their options. If validly tendered, payments for the accepted notes are expected on or around February 3, 2025, ensuring a prompt financial transaction for stakeholders involved.
ATP indicates that the amount expected from this tender offer could amount to a total of $375 million, with a tender offer consideration of $990 per $1,000 principal amount of notes. However, this amount excludes accrued interest, an important aspect for investors to consider when calculating their returns.
To facilitate the process, ATP has appointed Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., and Scotia Capital (USA) Inc. as Dealer Managers for the offer. Their expertise will ensure that the tender offer is managed efficiently, and investors can seek assistance during the entire process.
Simultaneously, ATP is preparing to launch a new series of notes—referred to as the 'New Notes'—in a bid to raise additional funds. The successful pricing and settlement of this new offering are crucial and are tied to the conditions of the current tender offer.
It's important to note that ATP reserves rights and options under applicable law to amend or withdraw the tender offer. The company's strategy allows it to adapt to fluctuating market conditions and investor responses, making it a dynamic player in the financial realm.
Furthermore, ATP emphasizes the need for holders of the notes to communicate with their respective banks, brokers, or intermediaries to ensure timely participation in the offer before the specified deadlines. It is critical for investors to stay informed and act promptly to capitalize on this lucrative opportunity.
In conclusion, ATP Tower Holdings’ recent cash tender offer is not just a routine financial maneuver; it reflects the strategic foresight of a growing telecommunications powerhouse aiming to optimize its debt portfolio while simultaneously opening avenues for future financing. Investors looking to participate should carefully consider the timeline and requirements, ensuring they are fully prepared to engage in this significant financial transaction.
The tender offer, referred to as the 'Tender Offer', involves purchasing these senior notes guaranteed by various subsidiaries of ATP, which are currently listed on the Global Exchange Market of Euronext Dublin. This strong initiative reflects ATP's ongoing efforts to strengthen its financial foothold in the telecom infrastructure industry.
Investors interested in this tender offer should take note of the timeline; the offer will expire on January 28, 2025, at 9:00 a.m. New York City time. All notes tendered can be withdrawn until the same deadline, providing a window of flexibility for the investors considering their options. If validly tendered, payments for the accepted notes are expected on or around February 3, 2025, ensuring a prompt financial transaction for stakeholders involved.
ATP indicates that the amount expected from this tender offer could amount to a total of $375 million, with a tender offer consideration of $990 per $1,000 principal amount of notes. However, this amount excludes accrued interest, an important aspect for investors to consider when calculating their returns.
To facilitate the process, ATP has appointed Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., and Scotia Capital (USA) Inc. as Dealer Managers for the offer. Their expertise will ensure that the tender offer is managed efficiently, and investors can seek assistance during the entire process.
Simultaneously, ATP is preparing to launch a new series of notes—referred to as the 'New Notes'—in a bid to raise additional funds. The successful pricing and settlement of this new offering are crucial and are tied to the conditions of the current tender offer.
It's important to note that ATP reserves rights and options under applicable law to amend or withdraw the tender offer. The company's strategy allows it to adapt to fluctuating market conditions and investor responses, making it a dynamic player in the financial realm.
Furthermore, ATP emphasizes the need for holders of the notes to communicate with their respective banks, brokers, or intermediaries to ensure timely participation in the offer before the specified deadlines. It is critical for investors to stay informed and act promptly to capitalize on this lucrative opportunity.
In conclusion, ATP Tower Holdings’ recent cash tender offer is not just a routine financial maneuver; it reflects the strategic foresight of a growing telecommunications powerhouse aiming to optimize its debt portfolio while simultaneously opening avenues for future financing. Investors looking to participate should carefully consider the timeline and requirements, ensuring they are fully prepared to engage in this significant financial transaction.
Topics Financial Services & Investing）
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