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Vimpelcom considers refinancing of Italian unit Wind

Wednesday 19 March 2014 | 16:15 CET | News
Vimpelcom may adopt a multi-step refinancing plan to improve the capital structure of its Italian mobile unit Wind. According to the company, the plan may include a cash injection of EUR 500 million by Vimpelcom, the ultimate aim being "to provide [Vimpelcom] with significant interest cost savings, stronger cash flow generation, a deleveraging trajectory and an extended maturity profile." The company added that Wind is seeking lenders' consent to amend its lending agreement to allow implementation of the refinancing plan. The amendments would include up to an additional EUR 800 million in

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Categories: Mobile & Wireless
Companies: 3 Italia / Hutchison Whampoa / Vimpelcom / Wind
Countries: Italy
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