Polish fixed-line and cable operator Netia has secured a PLN200m (US$61m) extension to a previous facility signed in September 2011.
Relationship banks Rabobank, BNP Paribas, BRE Bank and Raiffeisen agreed to the additional five-year loan, which…
Polish fixed-line and cable operator Netia has secured a PLN200m (US$61m) extension to a previous facility signed in September 2011.
Relationship banks Rabobank, BNP Paribas, BRE Bank and Raiffeisen agreed to the additional five-year loan, which will be used for capex, operating expenses, and payments to the company’s shareholders, Netia said in a statement.
In late September 2011, the Polish operator announced a PLN650m (US$200m) five-year loan to finance the acquisition of local telco Dialog for PLN944m (US$288m).
The facility agent for this financing was Rabobank, while the other lenders were BNP Paribas, BRE and Raffeisen.
Netia said that repayments of the new PLN200m facility “are to be spread evenly over six bi-annual instalments of 12.5% of the drawn amount with a seventh and final instalment of 25% of the drawn amount payable on the final instalment date of 20 June 2018.”
At the end of last year, Netia CEO Miroslaw Godlewski told TelecomFinance that his company would consider a new offer for Exatel if the telecoms operator came on the market again.
Utility company PGE had tried to sell its 95.6% stake in Exatel in late 2010, but the initiative was later abandoned after some potential buyers were rejected by the sellers, while others withdrew their initial expressions of interest. At the time Netia was one of the parties bidding for the asset.
