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.

Related Articles

Azerbaijani banks report mixed financial performance in Q1 2025

Azerbaijan’s leading commercial banks released their financial results for the first quarter of 2025, showing a mixed performance in profitability, digitalisation, credit growth and capital ... more

Hungarian subsidiary of Intesa Sanpaolo targets further growth after record 2024

CIB Bank, a subsidiary of Italy's Intesa Sanpaolo, is planning further expansion in 2025 after posting record results last year, CEO Pal Simak said after the release of the annual earnings report. ... ... more

EC clears €200mn capital increase at Romanian state-owned CEC Bank

The European Commission has approved Romania’s planned €200mn capital increase for state-owned CEC Bank, allowing the country to proceed with strengthening the lender’s financial position, ... more

Dismiss