8-K - ATN International, Inc. | StockGist

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ATN International, Inc. subsidiaries entered into a Purchase and Sale Agreement on February 11, 2026, to sell approximately 214 tower portfolio sites to EIP Holdings IV, LLC, an affiliate of Everest Infrastructure Partners, Inc., for up to $297 million in cash, subject to adjustments. The Initial Closing is expected in Q2 2026, with lender consents obtained under the Credit Agreement for the transaction and use of proceeds.

Key Takeaways

1Subsidiaries (Commnet Wireless, LLC et al.) signed Purchase and Sale Agreement on 2026-02-11 to sell 214 tower sites for up to $297 million cash

2Buyer is EIP Holdings IV, LLC (Everest affiliate); transaction via membership interests in Sale Site Subsidiary

3Initial Closing expected Q2 2026 for Assigned and Managed Sites; Subsequent Closings for Deferred Sites

4Consent Agreement with CoBank and Required Lenders permits transaction, distributions to minority shareholders, Revolving A-1 Loan repayment

5Tower Portfolio represents substantial majority of Commnet Parties’ tower assets

6Everest termination fee of $14.9 million if agreement terminated under certain circumstances

Current Report Details

Event Type

Material Agreement

Financing

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

is hereby incorporated by reference into this Item 2.03. Item 7.01 Regulation FD Disclosure. On February 11, 2026, the Company issued a press release regarding

Material Agreement

Source Document

2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; To the extent applicable, the information set

Financing

9.01

Financial Statements and Exhibits (d) Exhibits. 10.1* Purchase and Sale Agreement, dated February 11, 2026, by and among Commnet Wireless, LLC, Alloy, Inc., Ari

Exhibits Only

Source Document

Transaction Details

Material Agreement

Agreement: Purchase and Sale Agreement
Parties: Commnet Parties (Commnet Wireless, LLC, Arizona Nevada Tower Company, LLC, Commnet Four Corners, LLC, Commnet of Arizona, LLC, Commnet of Nevada, LLC, Excomm, LLC, Mora Valley Wireless, LLC), EIP Holdings IV, LLC (Everest affiliate), Sale Site Subsidiary

•Sale of 214 tower sites for up to $297 million cash (Aggregate Consideration, subject to adjustments)
•Initial Closing Q2 2026: transfer Assigned Sites, payment for Assigned and Managed Sites
•Subsequent Closings for Deferred Sites
•Master lease agreements (Leaseback) for continued use
•Preferred backhaul agreement naming Commnet as provider
•Everest termination fee $14.9 million under certain circumstances
•Customary representations, warranties, covenants, indemnities, consents required

Debt / Financing

Instrument: Consent under Credit Agreement dated 2023-07-13

Exhibits (4)

10.1

EXHIBIT 10.1

10.2

EXHIBIT 10.2

8-K

FORM 8-K

99.1

EXHIBIT 99.1