Vimpelcom cuts bridge after shareholders vote for Wind takeover

Vimpelcom’s shareholders narrowly approved the company’s acquisition of Wind Telecom on Thursday, allowing the Russian telco to proceed with a bridge loan, reduced from $2.5bn to $1.3bn, to help finance the takeover.

  • 17 Mar 2011

The company is financing the $6.5bn purchase through $1.5bn of bonds, raised in January, and a $2.5bn term loan provided by Russian banks.

This is the second time Vimpelcom has reduced the size of the bridge loan. It was originally set to be a $4bn facility provided by Barclays, ...

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