Solocal seeks maturity extension and capital increase
Solocal Group, the French directories firm formerly known as PagesJaunes, is looking to extend the maturity on part of a €2.25bn loan package raised in 2011. The firm is also set to raise €440m through a capital increase as part of a plan to fund its digital transformation.
Solocal has entered into discussions with its lenders over the loans amendment, for which the company is willing to offer a partial prepayment of €400m, it said Thursday (February 13).
The original debt consisted of three term loans totalling €1.95bn and a revolving credit facility of €300m, according
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