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Wireless

Airtel Africa signs new USD 500 mln loan facility for refinancing

Wednesday 21 April 2021 | 10:51 CET | News
Airtel Africa said it has signed a new USD 500 million loan facility with a group of relationship banks. The company said it is a combination of a revolving credit facility and term loans, with tenor of up to four years. The facility will be used to partially refinance its EUR 750 million euro-denominated bond due 20 May, the rest of which will be repaid with existing group cash, to reduce gross debt and associated interest costs.

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Categories: Mobile & Wireless
Companies: Airtel Africa
Countries: Africa
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