Spanish cable operator Ono has signed a €1.4bn (US$1.76bn) senior facility to fully complete its refinancing programme, TelecomFinance has learnt.
The new financing includes a €890.7m TLA due June 2017 and paying E+450, a €185m TLB due March 2018…
Spanish cable operator Ono has signed a €1.4bn (US$1.76bn) senior facility to fully complete its refinancing programme, TelecomFinance has learnt.
The new financing includes a €890.7m TLA due June 2017 and paying E+450, a €185m TLB due March 2018 and paying E+525, a €100m RCF due June 2017, paying E+450 and replacing an existing RCF due June 2013, and a €224.3m underwritten bridge loan due December 2018.
As a result of this transaction, Ono does not face any maturities before 2017.
The facility is provided by Bank of America Merrill Lynch, Bankia, BBVA, BNP Paribas, Credit Agricole, Deutsche Bank, Instituto de Credito Oficial, ING, JP Morgan, Santander, Societe Generale, and Unicaja.
It is understood that conditions have now been improved for a potential IPO of the company in the future.
