Helios Towers raises $100m term loan facility for future expansion
Helios Towers, Ltd (the “Company” and, together with its subsidiaries the “Group”), the independent telecoms tower infrastructure company, is pleased to announce that its wholly owned subsidiary, HTA Group Ltd, has signed a $100 million term loan facility agreement with The Standard Bank of South Africa Limited (Mandated Lead Arranger), Barclays Bank Mauritius Limited and The Mauritius Commercial Bank Limited. The facility will be used for future expansion and general corporate purposes and will be drawn as required.
Tom Greenwood, Chief Financial Officer of Helios Towers, said:
"We are pleased to have secured the term loan facility which will provide us with additional flexibility to support our long-term growth initiatives. This facility will not only enable us to continue investing in tower infrastructure in our current markets but will also support our intentions to seek opportunities in new markets across Africa.”
|Edward Bridges / Stephanie Ellis||FTI Consulting LLP||+44 (0)20 3727 1000|
About Helios Towers
- Helios Towers is a leading independent tower company in Africa, having established one of Africa's most extensive tower networks with more than 6,500 towers in four markets. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators across the continent.
- It owns and operates more tower sites than any other operator in each of Tanzania, Democratic Republic of Congo and Republic of Congo. It is also a leading operator in Ghana with a strong urban presence.
- The Group pioneered the sale-leaseback model in Africa, buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.
- Investors in Helios Towers include: Helios Investment Partners, Quantum Strategic Partners, Albright Capital Management LLC, RIT Capital Partners Plc, the International Finance Corporation and Millicom.