Telekom Slovenije takes out €130mn syndicated loan to repay bonds

By bne IntelliNews June 6, 2021

Slovenia’s Telekom Slovenije signed a €130mn long-term syndicated loan agreement last week with a syndicate of banks organised by Slovenia's biggest bank, NLB.

The loan will be used to repay the company’s bond issues and investments.

Other banks that will provide the syndicated loan include Banka Intesa Sanpaolo, SKB banka and UniCredit Banka Slovenija.

“By securing the long-term loan, Telekom Slovenije has ensured the necessary liquidity for the repayment of issued bonds in the amount of €100mn that fall due for payment in June 2021,” the telco said in a bourse filing on June 3.

A portion of the loan will also be earmarked for investments in connection with the continued implementation of the company’s strategy, it added.

The loan has a maturity of seven years and is divided into three tranches, two of €50mn and one of €30mn.

Telekom Slovenije is the biggest telecom company in Slovenia and is part of the Telekom Slovenije Group, which also comprises subsidiaries in other countries in the Southeast Europe.

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