https://www.businesswire.com/news/home/20191216005224/en/

TAMUNING, Guam--(BUSINESS WIRE)--Dec 16, 2019--

TeleGuam Holdings, Inc. (“GTA”), Guam’s leading provider of fiber, broadband and connectivity services to enterprises and consumers, announced that it has raised $146.2 million of lower cost capital which provides greater flexibility and allows GTA to accelerate its continued investment in Guam’s telecom infrastructure. On November 19, 2019, GTA reached an agreement to amend, extend and upsize its existing first lien term loan. The transaction proceeds will facilitate GTA’s continued investment in its island leading telecommunications infrastructure and repay GTA’s existing indebtedness. GTA is owned by Huntsman Family Investments (“HFI”).