Date:
11 Apr 2014
On April 11, 2014 Cyfrowy Polsat Group concluded a facilities agreement with a syndicate of Polish and foreign banks. The loan, amounting to up to PLN 3 billion, will be used to refinance the Group’s debt and thus fulfill one of the conditions precedent of the transaction of acquisition of Metelem (company controlling 100% shares of Polkomtel) announced on November 14, 2013.
The acquired financing will be used by Cyfrowy Polsat to repay the whole indebtedness arising from the Senior Facilities Agreement of 31 March 2011 (PLN 486 million as at the end of 2013) and Senior Secured Notes issued by Cyfrowy Polsat Finance AB (publ) (PLN 1.439 billion as at the end of 2013), as well as to finance current operations of the Group.
Category:
Last updated 10/04/2014
