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Phoenix Tower International closes $1.3 billion senior credit facility
The trancher is split into four facilities which will be used for several purposes, including repay existing indebtedness, fund capital expenditure, and fund working capital requirements.
By João Marques Lima
Founder and Editor, The Tech Capital
3 Mins
October 09, 2023 | 5:10 PM BST
Dagan Kasavana, CEO of PTI. Source: PTI
Phoenix Tower International, LLC (PTI), through its Spanish subsidiary (PTI Iberica V, S.A.) has closed a new €1.2 billion (US$1.26 billion) senior credit facility in Europe to consolidate its existing loans and provide additional capacity to support further growth both in existing and new markets on the continent.
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