France Telecom is in talks to raise a E6bn revolving credit facility, according to a Reuters report.
The self-arranged facility has reportedly been priced at 40bp over Euribor. The reports said the pricing was tied to a ratings grid and utilisation fees…
France Telecom is in talks to raise a E6bn revolving credit facility, according to a Reuters report.
The self-arranged facility has reportedly been priced at 40bp over Euribor. The reports said the pricing was tied to a ratings grid and utilisation fees would be paid in the unlikely event of the facility being drawn.
The financing has a five-year maturity with two one-year extension options.
It refinances a E8bn loan which matures in 2012.
The transaction is expected to close at the end of the month.
