Major Loan for Telekom Austria

Businessn.a. ♦ Published: August 8, 2012; 12:54 ♦ (Vindobona)

Telekom Austria Group has closed a long-term € 735m syndicated credit facility. The loan will serve as liquidity reserve.

Major Loan for Telekom Austria / Picture: © Telekom Austria Group / Future Talk

Today, the Telekom Austria Group informs that Telekom Finanzmanagement GmbH, a 100% subsidiary, has successfully closed a syndicated revolving credit facility with a volume of € 735m, which replaces an existing syndicated credit facility in the amount of € 713m maturing in August 2013. The new credit facility has a maturity of five years (with an option by the banks to prolong for…