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General

Tiscali signs new debt restructuring deal

Monday 1 April 2019 | 09:47 CET | News
Italian operator Tiscali has announced a restructuring agreement with senior lenders Intesa Sanpaolo and Banco BPM regarding its medium and long-term senior debt and signed a further sale and lease back deal with a pool made up of Mediocredito Italiano and Unicredit Leasing. The former serves to extend the maturity of the debt to 30 September 2024 and set up a new repayment plan, while the latter involves the return of a property in possession of the leasing companies and the payment of a EUR 10 million indemnity on 01 July 2019 against the cancellation of the lease debt of around EUR 53

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Categories: General
Companies: Tiscali
Countries: Italy
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