DealsJun 3, 2026, 03:06 PM
ATN International Sells Tower Portfolio for $268M Initial Proceeds
AI Summary
ATN International, Inc. announced the initial closing of its previously disclosed sale of its Southwestern U.S. tower portfolio and related operations to EIP Holdings IV, LLC, an affiliate of Everest Infrastructure Partners, Inc. The transaction generated $268 million in cash proceeds at the initial closing, with up to an additional $30 million expected from subsequent closings. ATN will use $68 million of the proceeds to repay its revolving credit facility. The company also updated its 2026 Adjusted EBITDA outlook to a range of $183 million to $193 million, reflecting the impact of the sale.
Key Highlights
- ATN International completed the initial closing of its Tower Sale Transaction with Everest Infrastructure Partners.
- The initial closing generated $268 million in cash proceeds for ATN International.
- Up to an additional $30 million in proceeds are expected from subsequent closings over the next twelve months.
- ATN International will allocate $68 million of the proceeds to repay its CoBank revolving credit facility.
- The company updated its 2026 Adjusted EBITDA outlook to $183 million - $193 million from $190 million - $200 million.
Price Impact
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