American Tower Pursues $97M in Loan Default Claim

8/7/18

By Jason Aycock, SeekingAlpha

American Tower (NYSE:AMT) is working to recover about $97M from TV Azteca, claiming the broadcaster defaulted on a loan, Reuters reports.

AMT's MATC Infraestructura unit has filed suit in New York state court.

When MATC inquired about a missed payment, it says, TV Azteca parent Grupo Salinas said the broadcaster probably would not be able to pay anytime soon.

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