France Tel taps new-found confidence for Eu5bn loan

January 24, 2003 12:00 am

France Télécom is convinced that the investor confidence it has enjoyed in the capital markets has spread to the loan market. And to prove its new standing in the financial markets, the heavily indebted company will refinance a Eu5bn 364 day revolving credit facility with a Eu5bn three year facility instead of exercising a one year term out option.

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