Digi Communications N.V. Announces details regarding a Facility concluded between the Digi Group and a syndicate of banks partially refinancing the short-term loan from October 2017
The 2018 Syndicated Facility is meant to be used by the Company and its subsidiaries for the same purposes as anticipated by the Company in October 2017. Part of the proceeds will be used for the financing of the acquisition by Digi Kft. of the Hungarian telecommunications operator Invitel Tavkozlesi Zrt. (with respect to the terms of which we have informed our investors and the market on 21 July 2017). The remainder is intended to be used for general corporate purposes and/or capital expenditures.
The 2018 Syndicated Facility has a maturity of 5 years. The interest rate is of 2.65% per annum plus the relevant applicable interbank offered rates.
About Digi Communications NV
Digi is the parent holding company of RCS & RDS, a leading provider of pay TV and telecommunications services in Romania and Hungary. In addition, RCS & RDS provides mobile services as an MVNO to the large Romanian communities living in Spain and Italy.