atni_EX_10-25



		

			Exhibit 10.25

		


			

					

						


					

					

						 


					

					

						20701 Cooperative Way


					

						Dulles, Virginia 20166


					

						703-467-1800  |  www.rtfc.coop


				
	

					

						 


				
	

					

						 


				




		

			 

		


		

			 

		





		
			February 27, 2018
		

		
			Via Email & U.S. Mail
		

		
			Ms. Michele Satrowsky
		

		
			Vice President – Corporate Treasurer
		

		
			ATN International, Inc.
		

		
			500 Cummings Center, Suite 2450
		

		
			Beverly, MA 01915
		

		
			Re: Limited Waiver of Net Leverage Ratio Covenant
		

		
			Dear Ms. Satrowsky
		

		
			Rural Telephone Finance Cooperative (“RTFC”) has received from ATN VI Holdings, LLC (the “Borrower”) a request to waive compliance with the Borrower's Net Leverage financial ratio requirements that is contained in one or more loan agreements between RTFC and the Borrower.
		

		
			RTFC hereby waives the Borrower's compliance with the above-referenced financial ratio, subject to the following conditions:
		

		
			(a)  This is a limited waiver with respect to the financial ratio specified herein as calculated for the Borrower's fiscal year ended December 31, 2017.
		

		
			(b)  This limited waiver shall not be construed as a waiver of any other term, condition or provision of any loan agreement or other credit agreement with RTFC.
		

		
			(c)  This limited waiver shall not be construed as a waiver of any term, condition or provision of any loan agreement or other credit agreement with RTFC with respect to meeting future financial ratio requirements.
		

		
			(d)  Except as specifically waived by RTFC herein, each and every term, condition and provision contained in any loan agreement or other credit agreement with RTFC shall remain unchanged and in full force and effect.
		

		
			If the foregoing accurately describes our mutual understanding of the effect of this limited waiver and the conditions under which it is granted, please so indicate by signing this correspondence where indicated and returning the original to RTFC.
		

		
			If you have any questions, please feel free to call me at 800-346-7095.
		

		
			 
		

		
			 
		

		
			


		 


 



		

			Ms. Michele Satrowsky 

		


		

			ATN International, Inc. 

		


		

			February 27, 2018

		


		

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			Sincerely,
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Don Samonte

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Don Samonte

					
					
						 

				
	
					
						Vice President, Portfolio Management

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Acknowledged and Agreed:

					
					
						 

				
	
					
						ATN VI Holdings, LLC

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Justin D. Benincasa

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Name:

					
					
						Justin D. Benincasa

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Title:

					
					
						Treasurer