GET seeks €200m add-on for dividend

12 Nov 2012

Norwegian cable firm GET is seeking a €200m 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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