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Wireless

AINMT arranges fresh financing

Monday 26 October 2015 | 15:51 CET | News
AINMT, the company operating the Ice and Net.1 networks in Scandinavia, has called a shareholders meeting to decide on new financing for its operations. At the end of September the company AINMT Holdings secured USD 120 million in a subordinated PIK loan funding to finance its growth plans. The new subordinated PIK loan with par value USD 80 million maturing in 2030 was disbursed to AINMT Holdings in early October and USD 50 million was subsequently injected as new equity capital in AINMT Scandinavia. The additional USD 40 million is expected to be provided as a subordinated perpetual

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Categories: Mobile & Wireless
Countries: Scandinavia
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