secwatch.observer — SEC 8-K summary
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Issuer:     ATN International, Inc. (ATNI)
CIK:        0000879585
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001104659-23-081668
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ATN International closes $300M senior secured credit facilities, repays $139.5M debt
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- New $170M revolver (5-yr) and $130M term loan (6-yr) totaling $300M; maturities 2028 and 2029 respectively.
- Drew full term loan + $13.6M revolver at close to repay $139.5M of outstanding debt.
- Term loan quarterly payments: $812.5K (2.5% p.a.) through June 2025, rising to $2.4375M (7.5% p.a.) thereafter.
- Interest at SOFR + margin (2.00-3.75% term; 1.75-3.50% revolver) or base rate; unused fee 0.25-0.50%.
- Facility secured by substantially all assets and pledges of 100% domestic and 65% foreign subsidiary equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879585/000110465923081668/0001104659-23-081668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879585/000110465923081668/tm2321375d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-081668

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