Guatemala Telecom JV Gets IFC Funds

Guatemala Telecom JV Gets IFC Funds

Central America Guatemala Loans

Guatemala-based communication tower operator Continental Towers will receive a $120m IFC loan facility, the IFC says. The facility is divided into 2 senior secured tranches, a $50m, 6-year tranche taken by regional Infrastructure lender CIFI, HSBC and Banco General, and a $70m, 10-year tranche funded by IFC ($40m) and Netherlands-based development bank FMO ($30m). Interest rates are determined by a spread over Libor, with additional compensation for the 10-year tranche. This is IFC’s first trans

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