Brazilian telco GVT Holding has announced that it plans to repurchase US$179.4m of its outstanding senior secured notes, notes which were issued in June 2006 and due to mature in June 2011.
The buyback of all the outstanding senior secured notes is due…
Brazilian telco GVT Holding has announced that it plans to repurchase US$179.4m of its outstanding senior secured notes, notes which were issued in June 2006 and due to mature in June 2011.
The buyback of all the outstanding senior secured notes is due to be completed on February 26.
The operator, which was snapped up by French media and telecoms group Vivendi late last year, stated that the notes represent 39.3% of total company debt.
