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General

TDC to use Get sale proceeds to prepay term loan, cut leverage

Thursday 18 October 2018 | 12:07 CET | News
Danish operator TDC said that a substantial part of the proceeds of its sale of Norwegi an operator Get to Telia Norway will go towards advance payment at par of Term Loan B (TLB) under TDC's senior secured credit facilities. TDC expects to prepay TLB, including all of the US dollar-denominated tranche, during Q4 2018 by approximately the equivalent of DKK 15 billion. This will reduce total reported net leverage at the TDC level to just below 3.0 times.

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Categories: General
Companies: GET / TDC / Telia Norway
Countries: Denmark / Norway
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