GET extends maturities, seeks €180m add-on for dividend
Norwegian cable firm GET is seeking a €180m term loan ‘F’ to pay its private equity owners Quadrangle and Goldman Sachs Capital Partners a dividend. Goldman Sachs is arranging the new loan.
As part of the deal, GET is also seeking to push out the maturities of its existing Nkr3.5bn (479m) of outstanding debt from between 2015 and 2016 into the same maturity date of December 2017. The new loan will expire in December 2018.
"Leverage was 7.2 times when the
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