RCS & RDS cable and internet provider has signed a EUR 200 million short-term loan concluded between the Digi Group and a syndicate of banks.
”The Company informs the market and its investors that, on 13 October 2017, RCS & RDS S.A. (the Company’s subsidiary in Romania – „RCS&RDS”), DIGI Távközlési és Szolgáltató Korlátolt Felelősségű Társaság (RCS & RDS S.A.’s subsidiary in Hungary – „Digi Kft.”), as the borrowers, the Company, as a guarantor, and Citibank N.A., London Branch and ING Bank N.V. as the arrangers, have concluded a short-term loan with two facilities in the aggregate amount of EUR 200,000,000 (the ’2017 Bridge Loan’),” an announcement sent to Bucharest Stock Exchange (BVB) informs.
One facility, in amount of EUR 140 million was concluded for the purpose of financing the acquisition by Digi Kft. of the Hungarian telecommunications operator Invitel Tavkozlesi Zrt., with respect to the terms of which we have informed the market and the investors on 21 July 2017.
The other facility, in amount of EUR 60 million, was concluded for general corporate purposes.
The 2017 Bridge Loan has a maturity of 12 months. It can be extended for an additional period of up to 6 or 12 months.