Product: Project Finance: Senior Secured Long-Term Loan
Role: Participant
Costo total del proyecto: USD 104MM
Environmental Category:  B
Impact: +1,000 Telecommunications Towers
Financial clousure:  2018

BTC is a US holding company whose operating companies are in Brazil with headquarters in Recife. BTC provides the tower infrastructure, while the mobile companies are responsible for ensuring power connectivity to the grid, and maintenance/installation of antennas.

CIFI participated with US$ 14MM in a US$ 104MM senior secured term loan led by Cordiant Capital to fund capital expenditures related to tower construction among other uses of funds to increase its portfolio size from 578 towers as of September 2017 to 1,000+ towers by end of 2021.