ATK Debt II

pending

The proposed transaction is a senior debt financing of up to US$30 million, including an IFC A Loan of up to US$20 million and additional parallel or B-loan mobilization for Atlas Tower Kenya (ATK). The funding will (i) enable ATK to build and operate about 300 new macro towers in Kenya (‘ the phase V expansion’), expanding its portfolio—specific site locations for more than half of the proposed assets remain undefined at this appraisal stage; (ii) support ATK’s Green Power Program which involves the large-scale deployment of solar power, battery storage, and off-grid or hybrid energy solutions to help reduce dependence on grid electricity and diesel; and (iii) refinance existing indebtedness.ATK is an independent telecommunications infrastructure company operating in Kenya under a build-to-suit (BTS) model. Established in 2018, ATK owns and operates a portfolio of 439 towers and manages the full tower lifecycle, including site identification, land leasing, permitting, construction, energy solutions, and operations and maintenance, primarily through third-party contractors supported by a lean in-country team. ATK has been an IFC client since 2021, with environmental and social (E&S) performance assessed as satisfactory. The Environmental and Social Review Summary (ESRS) for the previous transaction was publicly disclosed on IFC’s disclosure portal at https://disclosures.ifc.org/project-detail/ESRS/45720/atlas-tower-ke