Polkomtel proceeds with term loan ‘C’

Bookrunners on the debt package backing the takeover of Polish telecom company Polkomtel will formally launch this week a term loan ‘C’ to replace much of the Z1.75bn (€400m) senior secured bond bridge, after receiving enough interest from lenders whom they had sounded out.

  • 24 Oct 2011

Appetite for Polkomtel’s loans from zloty lenders surprised even the bookrunners when they launched syndication in August, and by taking advantage of this demand the company reduces its exposure to a volatile and probably more expensive high yield bond market.

The new loan, which will rank below Polkomtel’s ...

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