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General

Tiscali secures EUR 88 mln loan to refinance senior debt

Thursday 30 June 2016 | 09:13 CET | News
Italian operator Tiscali has signed a EUR 88 million senior debt refinancing agreement with Banca Intesa Sanpaolo and Banca Popolare di Milano. The company said the deal will allow it to extend the senior debt to March 2022 and pay back debt arising from a Group Facility Agreement and held by Banca Intesa San Paolo and certain hedge funds maturing in September 2017. The new financing conditions will also free up resources for the company's development plans, above all investments related to the launch of LTE-TDD Advanced services via the 3.5 Ghz frequency, said Tiscali CEO Riccardo

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Categories: General
Companies: Tiscali
Countries: Italy
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