Ono extends deal to 2013 after year-long negotiations

Ono, the Spanish cable group, has completed the refinancing of its Eu3.5bn syndicated loan, extending the maturity of the debt to 2013 after the majority of its lenders were tempted by improved terms.

  • 16 Apr 2010
After nearly a year of negotiations, the refinancing was signed on Tuesday, with bank lenders thought to have been attracted by the company’s shareholders agreement to inject Eu200m of cash into the business and by the recent expansion across the cable industry. "At the bank meeting virtually everyone ...

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