BTG Fund Shops Acquisition Loan

BTG Fund Shops Acquisition Loan

Brazil Loans

A BTG Pactual infrastructure fund is in the process of syndicating a $700m-equivalent 10-year loan financing for its purchase of the Globenet submarine cable company from fellow Brazilian Oi, according to people following the process. The non-recourse acquisition finance facility for BTG Pactual Infrastructure II has been underwritten by bank of Tokyo Mitsubishi and Sumitomo Mitsui, and offered to participants in a BRL tranche and a US dollar tranche. Oi will lease the cable from BTG and the lea

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