Poland’s largest telco Orange Polska is gearing up to refinance €700m (US$967.3m) worth of bonds in May.
Orange Polska, controlled by France’s Orange group, will most likely refinance the bonds, set to mature next month, on a one-to-one basis,…
Poland’s largest telco Orange Polska is gearing up to refinance €700m (US$967.3m) worth of bonds in May.
Orange Polska, controlled by France’s Orange group, will most likely refinance the bonds, set to mature next month, on a one-to-one basis, meaning the value will remain the same, a company spokesperson said.
Better terms should lead to annual cost savings of about PLN100m (US$32.9m), CFO Maciej Nowohonski was recently cited as saying.
Orange Polska reported revenues of PLN2.95bn (US$971m) in Q1 2014, down 7.9% year-on-year. Restated EBITDA at the end of the quarter stood at PLN951m (US$313m), while its net financial debt to restated EBITDA ratio was 1.0.
