QMC Telecom International secures $115 million in two credit facilities

Proceeds from these transactions will be used to support the Company’s 5G network infrastructure investments and its commitment to enable connectivity in the communities where it operates.

The first credit agreement, a 4-year $50 million loan, was delivered by Deutsche Bank’s US Private Credit team to provide additional liquidity for growth investments in QMC’s operating subsidiaries and for general corporate expenses.

“Deutsche Bank is pleased to support QMC as they continue to grow. We look forward to their continued success in cell towers and digital infrastructure”, said Fredric Rosenberg, Head of US Private Credit and Infrastructure.

The second credit agreement, a multi-country and multi-currency facility, was signed with IDB Invest, the private sector arm of the Inter-American Development Bank Group, and Proparco, a private sector lender of the French government. The agreement is an extension of the existing $49 million facility signed with IDB Invest in 2021, plus an additional $16 million commitment from Proparco, totaling $65 million. The senior loans, which have a 2-year delayed draw component and a total tenor of 9 years, will support QMC’s infrastructure investments in Mexico, Colombia, and Peru.

 “Together with IDB Invest, which is leading the transaction, Proparco is very proud to participate in financing the 2024-2025 investment program of QMC, a leading digital wireless infrastructure company in Latin America. By developing neutral, open, and pooled infrastructures, QMC is offering more accessible and affordable digital services in Latin America, helping to bridge the digital gap in the region,” commented Françoise Lombard, CEO of Proparco.

“Our partnership with QMC reinforces our commitment to the development of sustainable connectivity in Latin American countries. We will be relentlessly focused on bridging the region’s most critical gaps, collaborating with the private sector, and attracting institutional investors to areas that have the greatest development impact,” said Guillermo Foscarini, Director and Division Chief of Corporates (a.i.) of IDB Invest.

“The combination of these two multi-jurisdiction credit facilities provides QMC the necessary flexibility to continue growing our digital wireless infrastructure platform in Latin America. We remain committed to our vision of fostering growth, enabling connectivity, and solving client needs as we stay focused on our mission to be the indispensable partner in 5G network densification,” said Rafael Somoza, QMC’s CEO & Co-Founder.

“These financings highlight QMC’s 12-year track record of uninterrupted profitable growth and disciplined capital allocation, as well as the breadth and depth of our capital market access even in difficult macro environments,” said Ricardo Zubieta, QMC’s Chief Financial Officer. “We are delighted to welcome Proparco and Deutsche Bank as investors in QMC and to continue our partnership with IDB Invest.”

White and Case LLP served as legal counsel to Deutsche Bank, and Sidley Austin LLP as QMC’s legal counsel. For the Mexico, Colombia, and Peru loan, Morrison and Foster LLP acted as lead legal counsel for IDB Invest and Proparco, and Locke Lord LLP served as QMC’s lead legal counsel.

About QMC Telecom International Holdings LLC

Founded in San Juan, Puerto Rico, in 2011, QMC is an independent multinational owner and operator of digital wireless infrastructure. The company develops, owns, acquires, and manages rooftops, macro sites, indoor DAS, and Street Level Solutions in Brazil, Colombia, Mexico, Peru, and Chile. Internationally renowned investors back QMC in partnership with management, including Accel Partners, Housatonic Partners, Quadrant Capital Advisors, and TTCER Partners.