Polkomtel to cut bond by €300m, increase term loan ‘B’
Arrangers of Polkomtel’s Z6.394bn (€1.55bn) senior buy-out loans have gone out to banks with a view to increasing the company’s Z2.394bn (€573m) term loan ‘B’ by the zloty equivalent of €300m, and decreasing the euro-denominated high yield bond by the same amount, according to a banker.
The lead banks on the deal either declined to comment formally or could not be reached for confirmation.
The response to the increased 6.5 year tranche which will pay 450bp has so far been positive, the banker said.
Around 5bn of bridge to bond loans, underwritten to support
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