The latest update is out from Zegona Communications ( (GB:ZEG) ).
Zegona Communications has successfully repriced its €920m EUR Term Loan B Facility, reducing the interest rate margin by 125 basis points to 3.00% per annum. The facility was also increased by €370m, allowing the repayment of a $400m USD Term Loan B, reflecting the company’s strategic strength and execution post-acquisition of Vodafone Spain. This move significantly lowers Zegona’s debt cost, maintaining other key terms substantially unchanged, and highlights the company’s ability to gain credit investor support.
More about Zegona Communications
Zegona Communications, founded in 2015, focuses on investing in and enhancing businesses within the European Telecommunications, Media, and Technology sector to generate attractive shareholder returns. The company is led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson. Notably, Zegona acquired Vodafone Spain, a provider of fixed, mobile, and TV services, for €5.0 billion in May 2024.
YTD Price Performance: 35.17%
Average Trading Volume: 552,243
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £4.29B
For an in-depth examination of ZEG stock, go to TipRanks’ Stock Analysis page.