Atlantic Tele-Network, Inc. entered into an amendment, consent and confirmation agreement to its Fourth Amended and Restated Credit Agreement, dated as of December 19, 2014, by and among the company, as borrower, certain of the company's subsidiaries, as Guarantors, CoBank, ACB (CoBank), as Administrative Agent, Lead Arranger, Swingline Lender and Issuing Lender and the other Lenders named therein (the Credit Agreement). The Amendment provides for lender consent to, among other actions, (i) the contribution by the Company of all of its equity interests in ATN Bermuda Holdings Ltd. to ATN Overseas Holdings Ltd. in connection with the Company's previously announced acquisition of KeyTech Limited, a Bermuda limited liability company (the KeyTech Acquisition), and subject to the closing of the KeyTech Acquisition, a one-time, non-pro rata cash distribution by KeyTech Limited in an aggregate amount not to exceed $13,000,000 to certain of KeyTech Limited's shareholders; and (ii) the incurrence by certain subsidiaries of the Company of secured debt in an aggregate principal amount not to exceed $60,000,000 in connection with the Company's previously announced acquisition of Caribbean Assets Holdings LLC, a Delaware limited liability company. The Amendment increases the amount the Company is permitted to invest in unrestricted subsidiaries of the Company, which are not subject to the covenants of the Credit Agreement, from $275,000,000 to $400,000,000 (as such increased amount shall be reduced from time to time by the aggregate amount of certain dividend payments to the Company's stockholders).

The Amendment also provides for the incurrence by the Company of incremental term loan facilities, when combined with increases to revolving loan commitments under the Credit Agreement, in an aggregate amount not to exceed $200,000,000, which facilities shall be subject to certain conditions, including pro forma compliance with the total net leverage ratio financial covenant under the Credit Agreement.