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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Fixed
Companies: Forthnet
Countries: Greece
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Alter Ego Mass Media makes offer for Forthnet

Published 16 Sep 2019 10:51 CET | Greece
Greek operator Forthnet has confirmed press reports that the group Alter Ego Mass Media has submitted an offer for some of the ...

Greek banks increase Forthnet stake with debt conversion

Published 06 Feb 2019 11:45 CET | Greece
Piraeus Bank, National Bank of Greece, Alpha Bank and Attica Bank have increased their stake in Greek operator Forthnet through ...

Greek banks start sale process for Forthnet stakes

Published 03 Nov 2017 10:28 CET | Greece
A group of Greek banks has started a sale process for broadband and pay-TV provider Forthnet. This follows the conversion of ...

OTE concludes EUR 300 mln financing package with EIB

Published 11 Jul 2017 06:47 CET | Greece
OTE announced that Cosmote, 100 percent subsidiary of OTE, entered into a EUR 150 million bilateral term loan with the European ...

Forthnet closes convertible bond issue of EUR 70 mln

Published 12 Oct 2016 15:32 CET | Greece
Forthnet  raised a total amount of EUR 70 million through a convertible bond issue, with bonds valued at EUR 28 million remaining ...

Forthnet to raise EUR 99 mln in convertible bond issue

Published 20 Sep 2016 12:28 CET | Greece
Greek operator Forthnet is going ahead with the issue of a EUR 99 million convertible bond, as agreed under its refinancing deal ...

OTE receives EBRD-led EUR 389 mln syndicated facility

Published 14 Sep 2016 12:20 CET | Greece
OTE entered into an agreement with the European Bank for Reconstruction and Development (EBRD) to raise EUR 339 million as a ...

Forthnet rebrands all services to Nova

Published 22 Jul 2016 17:03 CET | Greece
Greek operator Forthnet is adopting the brand name Nova, of its pay-TV service, for all its services. As a result, its packages ...

Vodafone changes limit of option for Forhnet shares

Published 08 Jun 2016 11:36 CET | Greece
Forthnet announced it was notified by Vodafone Greece about the amendment of the time limit for the exercise of the option that ...

Forthnet revenues fall 7% in 2015

Published 01 Apr 2016 10:22 CET | Greece
Greek operator Forthnet reported a drop in sales, EBITDA and customer numbers in 2015, as the company said it took a conservative ...