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General

Euskaltel refinances debt to fund growth plans

Monday 4 March 2019 | 09:47 CET | News
Spanish regional operator Euskaltel announced that it received unanimous backing from financial institutions to proceed with a plan to improve the terms of its external debt financing. In a statement to markets watchdog CNMV, the operator said it successfully repriced its existing loans to reach an average cost of 2.58 percent, while extending their average life to 2024. The strategy is part of the group's move to adapt its financial plan to its 2019-2022 business plan and is designed to enhance efficiencies to a maximum, assuring the stability and feasibility of the investments envisaged in

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Categories: General
Companies: Euskaltel / R / Telecable
Countries: Spain
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