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Broadband

Interoute announces EUR 250 mln senior secured term loan B

Friday 28 October 2016 | 09:34 CET | News
Interoute Communications announced that its subsidiary, Interoute Finco, intends to enter into a new EUR 250 million term loan agreement. Interoute intends to use all amounts borrowed under the term loan to fund the repayment in full of Interoute Finco's existing EUR 240.0 million senior secured floating rate notes due 2020, to pay transaction fees and expenses and for general corporate purposes. Closing of the term loan, which is anticipated to occur in the fourth quarter, is subject to market conditions, as well as the negotiation and execution of definitive documents and the satisfaction

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Categories: Fixed
Companies: Interoute
Countries: World
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