Romanian telecoms RCS&RDS secures EUR 200mn financing report.

By bne IntelliNews December 2, 2011
Romanian telecom operator RCS&RDS has borrowed EUR 200mn from Banca Comerciala Romana (BCR), Credit Suisse Group AG and CEC Bank SA, Ziarul Financiar daily reported, citing unnamed sources. BCR lent EUR 100mn to the telecommunications company. Credit Suisse provided EUR 75mn in financing and CEC Bank extended EUR 25mn. Credit Suisse acted as arranger of the loan. Ziarul Financiar reported in late-October that RCS&RDS is close to signing a five-year EUR 300mn loan with a syndicate of banks led by Credit Suisse. RCS&RDS, controlled by local investor Zoltan Teszari, emerged into a diversified telecom operator after starting in the early 90s as a cable operator. The company still operates the major cable network in Romania, but also delivers internet access, fix telecom and more recently mobile telecom services.
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