QMC Telecom International secures $115 million in two credit facilities
SAN JUAN, Puerto Rico, May 9, 2024 /PRNewswire/ -- QMC Telecom International Holdings LLC ("QMC" or the "Company"), Latin America's leading digital wireless infrastructure growth platform, announced today the successful closing of two credit facilities totaling $115 million.
- SAN JUAN, Puerto Rico, May 9, 2024 /PRNewswire/ -- QMC Telecom International Holdings LLC ("QMC" or the "Company"), Latin America's leading digital wireless infrastructure growth platform, announced today the successful closing of two credit facilities totaling $115 million.
- These two loans come on the heels of QMC Telecom do Brasil's R$1.25 billion (~$250 million) debenture offering in late December 2023.
- The first credit agreement, a 4-year $50 million loan, was delivered by Deutsche Bank's US Private Credit and Infrastructure team to provide additional liquidity for growth investments in QMC's operating subsidiaries and general corporate expenses.
- "The combination of these two multi-jurisdiction credit facilities provides QMC with the necessary flexibility to continue growing our digital wireless infrastructure platform in Latin America.