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General

Telenet agrees USD 850 mln term loan

Tuesday 3 May 2016 | 09:13 CET | News
Telenet announced an agreement for a new term loan worth USD 850 million. The details of the loan and lending banks will be announced later in the week. The Belgian cable operator said it will use the loan for optimising its capital structure and improving its debt profile. It will prepay part of its senior credit facility and redeem EUR 700 million in senior notes due 2021. The company's debt leverage ratio stood at 4.0x at the end of March, up from 3.4 at the end of 2015 following the takeover of mobile operator Base in February. 

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Categories: General
Companies: Telenet
Countries: Belgium
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