By: Steven Ongenaet
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Altán obtains international financing for Red Compartida Project
NHG advised Altán Redes on the US$50 million cross-border financing for the Red Compartida Project, a major telecoms PPP Project for Mexico’s wholesale shared mobile network and the amendments to the structure required to adhere new secured parties.
The transaction involves several creditors with different policies and internal procedures which requires strong negotiation skill to align all the stakeholders interest. Considering the several and different lenders of Altan that benefit from the collateral structure, a heavily negotiated intercreditor agreement and common terms agreement are in place to govern the relationship among such lenders. In addition, the Mexican security trust is the main collateral document of the structure.