Iliad, the parent company of French ISP Free, has mandated; BNP Paribas, Groupe Credit Mutuel-CIC, Credit Agricole CIB, Natixis, Societe Generale CIB, WestLB London Branch and Rabobank International as bookrunners and MLAs to arrange E1.4bn worth of…
Iliad, the parent company of French ISP Free, has mandated; BNP Paribas, Groupe Credit Mutuel-CIC, Credit Agricole CIB, Natixis, Societe Generale CIB, WestLB London Branch and Rabobank International as bookrunners and MLAs to arrange E1.4bn worth of debt.
The debt package is divided in two parts. The first part consists of a E600m term loan facility that refinances a E1.2bn revolving credit facility signed on 25 June 2008 and the second part is a E800m revolving credit facility that will be used to finance the deployment of a mobile network and for general corporate purposes.
Both facilities have a five-year maturity.
ING Commercial Banking also joined as an additional MLA before the general syndication was launched today.
Free Mobile was awarded France’s fourth mobile licence in January.
Iliad said it had total revenues of E1.95bn in 2009 an 24.1% of ADSL market share at the end of last year with about 4.5m subscribers in Free and Alice.
