France Telecom has announced a self-arranged E6bn five-year revolver with 28 undisclosed lenders to refinance its existing facility.
The new loan, which has an initial margin of 0.40% per year, enables FT to extend its existing undrawn credit line to…
France Telecom has announced a self-arranged E6bn five-year revolver with 28 undisclosed lenders to refinance its existing facility.
The new loan, which has an initial margin of 0.40% per year, enables FT to extend its existing undrawn credit line to January 2016 from June 2012, the company said.
FT added that its new “largely over-subscribed” credit line is E2bn less than the E8bn facility it secured in 2005 to “reflect the deleveraging of the group over the last few years”.
