ATNI · ATN International, Inc.

Summary

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

• Subsidiaries (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
• Buyer is EIP Holdings IV, LLC (Everest affiliate); transaction via membership interests in Sale Site Subsidiary
• Initial Closing expected Q2 2026 for Assigned and Managed Sites; Subsequent Closings for Deferred Sites
• Consent Agreement with CoBank and Required Lenders permits transaction, distributions to minority shareholders, Revolving A-1 Loan repayment
• Tower Portfolio represents substantial majority of Commnet Parties’ tower assets
• Everest termination fee of $14.9 million if agreement terminated under certain circumstances