Tower One Wireless Corp. (OTCMKTS:TOWTF): New Debt Financing Arrangement for $25 Million Locked in

September 30, 2021

Tower One Wireless Corp. (OTCMKTS:TOWTF) has just inked a long-term debt financing arrangement with Itaú Corpbanca Colombia S.A., and another new local partner in Colombia. The agreement is for an aggregate loan of US$25,000,000. Itaú will advance 75% of the total loan amount, which is to be secured against Tower One’s newly completed towers (constructed under the financing arrangement). This is to be advanced in two tranches with interest payable…

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