Pace launches $460m of loans after Aurora takeover

Pace, the UK technology company that supplies pay TV and broadband service providers, has mandated three banks for acquisition and refinancing loans totalling $460m.

  • By Michael Turner
  • 11 Nov 2013

The largest loan is a $310m five year facility that will be used to buy Aurora Networks, a broadband technology firm. The acquisition is expected to cost $323m, said Pace on Monday.

The smaller loan is a $150m five year revolving credit facility that will be used to refinance ...

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