Belgian incumbent Belgacom has secured a €150m (US$204m) revolving credit facility to refinance existing debt.
The RCF has a five-year tenor with two optional one year extensions.
ING is the coordinator for the transaction as well as a bookrunning…
Belgian incumbent Belgacom has secured a €150m (US$204m) revolving credit facility to refinance existing debt.
The RCF has a five-year tenor with two optional one year extensions.
ING is the coordinator for the transaction as well as a bookrunning mandated lead arranger and facility agent. BNP Paribas and KBC are also BMLAs.
In March, the telco took advantage of what it has described as extremely favourable debt capital market conditions to issue a 10-year €600m institutional bond. Proceeds were for general corporate purposes, including the replacement of outstanding short-term debt.
At the end of April, Belgacom completed its sale of Group Telindus France to Vivendi for €95m (US$131.12m).
Belgacom reported revenues for Q1 2014 of €1.48bn, down 6.6% year-on-year, and EBITDA of €412m. Net debt at the end of the quarter stood at €1.723bn.
