Vivendi’s French telecoms operator SFR has signed a E1.2bn refinancing facility, according to Reuters.
The five-year facility reportedly pays a margin of 75bp over Euribor and commitment fees of 35%. The utilisation fee varies from 15bp to 30bp depending…
Vivendi’s French telecoms operator SFR has signed a E1.2bn refinancing facility, according to Reuters.
The five-year facility reportedly pays a margin of 75bp over Euribor and commitment fees of 35%. The utilisation fee varies from 15bp to 30bp depending on the level of utilisation.
Bank of Tokyo Mitsubishi UFJ, BNP Paribas, Credit Agricole CIB, HSBC, ING, Mediobanca and Societe Generale are bookrunners and MLAs, while CM-CIC, RBS and WestLB joined as MLAs in syndication.
Arrangers are quoted saying that the loan was oversubscribed.
The new facility will refinance one of the same amount signed in July 2004 and amended in April 2005.
French telecoms and media company Vivendi owns 56% of SFR, while Vodafone owns the rest.
The company was not immediately available for comments.
