Ecuador Tower Company (ETC), a cellphone tower owner and operator, has secured a $10 million loan facility from CIFI LATAM.
The funds will be used to expand the cellular tower infrastructure ETC owns and operates in Ecuador, improving the facilities and increasing access to mobile telephony, the company said.
Law firm Flor & Hurtado advised the lender as local counsel, and Trinity advised the lender on international law matters.
Ferroalianza Abogados advised the borrower as local counsel, and Cozen O’Connor advised the borrower and the sponsors on international law matters.
“It has been a great experience for all involved to meet the standards of the deal during these challenging times, and complete the transaction allowing ETC to continue expanding its operations in the country,” law firm Flor & Hurtado said.
Flor & Hurtado’s team was led by senior partner Mario Flor, with senior associate Alejandra Soriano, associate Alejandro Perez, and junior associate David Cruz.
Trinity’s team was led by partner Augusto Repetto, while Ferroalianza’s team comprised partners Mario Larrea and Francisco Larrea.