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Telecom Italia launches €4bn loan facility – report

Connectivity BusinessbyConnectivity Business
March 1, 2012
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Senior syndication of a €4bn (US$5.33bn) Telecom Italia forward-start loan facility has been launched, according to a report citing bankers.
The loan will be used to extend the maturity of part of an existing €8bn (US$10.66bn) facility. This…

Senior syndication of a €4bn (US$5.33bn) Telecom Italia forward-start loan facility has been launched, according to a report citing bankers.

The loan will be used to extend the maturity of part of an existing €8bn (US$10.66bn) facility. This existing facility is set to mature in August 2014.

According to a Reuters report citing a senior banker, Banca IMI and Barclays Capital are acting as coordinators for the transaction.

Telecom Italia declined to comment.

Tags: Banca IMIBarclaysBarclays CapitalTelecom Italia
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