Telecom Italia reportedly aims to secure a €3bn (US$4bn) forward-start facility to refinance debt due next year.
The Milan-based telco wants the five-year loan to replace part of an €8bn (US$10.8bn) credit facility set to mature in August 2014,…
Telecom Italia reportedly aims to secure a €3bn (US$4bn) forward-start facility to refinance debt due next year.
The Milan-based telco wants the five-year loan to replace part of an €8bn (US$10.8bn) credit facility set to mature in August 2014, Bloomberg reported, citing three unidentified sources familiar with the deal. According to the report, marketing for the transaction starts this week.
Early last year, the Italian incumbent reportedly used a €4bn (US$5.33bn) forward-start facility to replace part of the same €8bn loan.
Telecom Italia declined to comment.
