0
General

Masmovil refinances loan to save EUR 9 mln a year

Monday 11 November 2019 | 10:28 CET | News
Spanish operator Masmovil has announced an agreement to reduce the interest rate on its EUR 1.45 billion senior debt loan to take advantage of favourable market conditions. In a statement to securities market regulator CNMV, Masmovil said it successfully reduced the interest rate on its 7-year covenant-lite Term Loan B transaction from 3.25 to 2.655 percent, without any other change in conditions, to secure annual savings of EUR 9 million.

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.

Subscriptions

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: General
Companies: Masmovil / Orange
Countries: Spain
::: 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.


Related

KKR, Cinven, Providence launch EUR 3 bln bid to take over Masmovil

Published 01 Jun 2020 09:14 CET | Spain | Update: 01 Jun 2020 10:51 CET
Three buyout funds have launched a joint bid to take over Spanish telecommunications provider Masmovil, the country's fourth ...

Masmovil FY revenues hit EUR 1.7 bln after adding 1.4 mln subs in 2019

Published 28 Feb 2020 09:47 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported net revenues of EUR 1.68 ...

BlackRock ups Masmovil stake to 5.65%

Published 29 Jan 2020 09:49 CET | Spain
US investment fund BlackRock has increased its stake in Spanish telecommunications provider Masmovil, the country's fourth ...

Masmovil signs up actor Antonio Resines for new ad campaign

Published 10 Jan 2020 10:10 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, has signed up veteran actor Antonio ...

BlackRock increases Masmovil stake to over 5%

Published 06 Dec 2019 11:35 CET | Spain
US investment fund BlackRock has increased its stake in Spanish telecommunications provider Masmovil, the country's fourth ...

Masmovil grows EBITDA record 40% in Q3, gains 1 mln customers this year

Published 30 Oct 2019 09:44 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported service revenues of EUR ...

Masmovil closes EUR 1.45 bln debt refinancing deal

Published 27 May 2019 09:05 CET | Spain
Spanish operator Masmovil has announced the successful closure of a EUR 1.45 billion senior debt issue, the largest in its ...

Masmovil revenues up 13% in Q1, acquires 1 mln fibre homes from Orange

Published 07 May 2019 11:22 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported net revenues of EUR 383 ...





Calendar   /   Industry Events

21 Jan Intel Q4 2020
21 Jan Modern Times Group EGM
21 Jan Report: Working From Home 2020Q4 - NLD
25 Jan The Things Conference 2021
25 Jan Edgeware EGM
26 Jan Verizon Communications Q4 2020
26 Jan F5 Networks fiscal Q1
26 Jan Microsoft fiscal Q2
26 Jan Meetup MENA
27 Jan MediaTek Q4 2020
27 Jan Calix Q4 2020
27 Jan Facebook Q4 2020
27 Jan KPN Q4 2020
27 Jan Extreme Networks fiscal Q2
27 Jan Corning Q4 2020
27 Jan AT&T Q4 2020
27 Jan Uptime
28 Jan Juniper Networks Q4 2020
28 Jan Comcast Q4 2020
28 Jan Rogers Communications Q4 2020
28 Jan Samsung Electronics Q4 2020
28 Jan Crown Castle Q4 2020
28 Jan Skyworks fiscal Q1
28 Jan 8x8 fiscal Q3
::: More Calendar Items