Ares Management provided $2 billion of a $6.5 billion multi-jurisdiction financing for Phoenix Tower International. Ares funded approximately $1.8 billion at closing.
The financing represents one of the largest private credit transactions completed to date in the telecommunications tower sector.
Phoenix Tower International plans to use the new debt facility to consolidate existing loans and create additional capacity to fund expansion in existing and new international markets.
PTI owns and operates more than 33,000 wireless sites across 23 countries.
Ares Infrastructure Debt played a significant role in structuring the financing.
The strategy provides capital to infrastructure businesses operating across digital infrastructure, power, midstream, transportation, and utilities.
Ares Infrastructure managed approximately $29.9 billion in assets as of June 30, 2026 and had more than 130 investment professionals globally.
PTI described the broader $6.5 billion financing as the largest transaction of its kind for a privately held tower company.
The financing strengthens PTI’s capital structure while providing additional resources for continued global expansion.
Ares Management managed more than $671 billion of assets across its broader global investment platform as of June 30, 2026.
KEY QUOTES:
“We are pleased to deepen our longstanding partnership with PTI through this landmark financing.”
“PTI has established itself as one of the premier independent telecommunications tower platforms globally, with a differentiated portfolio of high-quality assets, an exceptional management team and a proven track record of disciplined growth across diverse markets.”
Roopa Murthy, Partner and Co-Head of EMEA Infrastructure Debt at Ares
“This $6.5 billion financing, the largest of its kind for a privately held tower company, reflects our lenders’ confidence in PTI and our team’s execution across 23 jurisdictions.”
Michael Bremer, CFO of Phoenix Tower International
