Citi and ING launch €200m loan for Digi’s deal in Hungary

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By Bianca Boorer
16 Oct 2017

Digi Communications’ Hungarian subsidiary signed a €200m bridge loan on Friday to finance its acquisition of compatriot communications company Invitel Tavkozlesi, a subsidiary of Invitel group. The lead banks have launched the syndication and held a bank meeting on Tuesday.

The company first announced its plans to acquire the residential and business customer unit of Invitel on July 21. The €140m takeover is expected to be completed by March.

The bridge loan consists of two tranches: €140m for the acquisition and €60m for general corporate purposes. It has ...

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