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Digi Communications announced it entered a senior facility agreement gaining two loans totaling €150 million from a syndicate of large banks, as the company stated intentions to refinance a previous loan and push investments.
In a statement, Digi Communications said the group of banks includes Citigroup Europe, Dublin Romanian Branch, ING Bank Amsterdam, Bucharest Branch, and Unicredit Bank as original lenders.
Romania s RCS&RDS parent secures 150 mln euro syndicated loan Digi Communications
BUCHAREST (Romania), December 16 (SeeNews) - Dutch-registered Digi Communications N.V. [BSE: DIGI], the majority owner of Romanian company RCS&RDS, said on Wednesday that it has concluded a 150 million euro ($183 million) senior facility agreement with a syndicate of banks.
Digi will use the 100 million euro term loan facility to refinance a short-term loan contracted in October 2016, while the revolving credit facility worth 50 million euro will be used for capital expenditure, investments, general corporate, and working capital purposes, it said in a statement filled with the Bucharest Stock Exchange, BVB.