Eircom seeks extension on 'B' loan while leverage falls
Eircom Group, the Irish telecom firm, has said that it wants to extend the maturity on a senior credit facility to a time when it is more likely to be able to repay “at economics that make sense for the company”.
The borrower is seeking two more years from the facility's maturity in September 2017. The announcement was included in an invitation to a presentation on Eircom’s results for the second half of 2013, which was brought forward from February 27 to February 7.
Eircom added that the extension
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