This financing aims to enable Phoenix Tower International to consolidate its European telecom towers portfolio (France / French West Indies, Italy, Ireland, Cyprus and Malta) and provide substantial additional capacity to support further growth both in existing and new markets in Europe.

The banking syndicate was led by two lead bookrunners and mandated lead arrangers and composed of several international banks and financial institutions acting as arrangers, bookrunners, hedging banks and participants.

The Allen & Overy team was led from Paris by partner Driss Bererhi, senior associates Dorian Le and Zineb Bennis, associates Wendy Au, Ghita Guessous and Dusan Vukanovic and jurist Ivana Susac. Partner Adrian Mellor and associate Gabriella Masding advised on English law aspects.

Partner Hervé Ekué, senior associate Nadège Debeney and associate Rizlane Hajib advised on hedging aspects with London counsel Teresa Khoo and London associate Charles Humphreys advising on English law hedging aspects. Partner Mathieu Vignon and senior associate Virginie Chatté advised on the tax aspects.

Allen & Overy Madrid advised on Spanish aspects with partner Jimena Urretavizcaya, senior associate Núria Ferré, associates Maria Ruiz-Gollury, Laura Cabezas, Yoshian Zerpa and Sebastián Pulido for banking matters and counsel Ishtar Sancho and senior associate Juan José Sanchez on tax matters. Allen & Overy Milan advised on Italian aspects with partner Pietro Scarfone, associate Alessandro Carta Mantiglia Pasini and trainee Alessia Cellucci for banking matters and counsel Elia Ferdinando Clarizia for tax matters. Allen & Overy New York advised on New York law aspects with partner Sami Mir, senior counsel Andre Teixeira and associate Rebecca Dresner.