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Broadband

Forthnet agrees refinancing with banks

Wednesday 22 June 2016 | 10:24 CET | News
Greek operator Forthnet announced that its board has approved a new refinancing. The company agreed with a consortium of banks to issue two new eight-year bond loans worth EUR 78.46 million and EUR 176.54 million. The floating-rate loans will be guaranteed by respectively Forthnet Media SA and Forthnet. The company also agreed to repay EUR 70 million on existing loans as part of the deal. In addition, the board approved a new nine-year convertible bond of up to EUR 99.1 million, with pre-emption rights for existing shareholders. The banks involved in the refinancing include National Bank of

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Categories: Broadcast & Satellite / Fixed
Companies: Forthnet
Countries: Greece
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