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General

Telenet refinances debt

Friday 4 November 2016 | 09:19 CET | News
Belgian operator Telenet announced the issue of two new terms loans. The loans of EUR 1.6 billion and USD 1.5 billion are both valid until 31 January 2025. The euro loan carries a rate of 3.52 percent over Euribor with a floor of zero percent. The dollar loan has interest of 3.0 percent over Libor and a floor of zero percent. The loans will be used to refinance existing debt, including 2.2 billion in loans due in 2022-2023 and USD 850 million due in 2024. Telenet also extended its revolving credit facility with the same terms until June 2023.

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Categories: General
Companies: Telenet
Countries: Belgium
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