Successful Debt Repricing

Summary by AI BETAClose X

Zegona Communications plc has successfully repriced its EUR Term Loan B Facility, reducing the all-in interest rate to 4.35% with a margin decrease of 50 basis points to 2.25% per annum. The Term Loan B will be reduced to €1.665 billion upon receipt of FiberPass proceeds, and this repricing is expected to contribute to an annualised total interest reduction of approximately €80 million since the investment in Vodafone Spain. This transaction, which results in the lowest priced euro telco term loan B, demonstrates strong credit market support for Zegona.

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