Zegona Communications (GB:ZEG) has released an update.
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Zegona Communications has announced the successful refinancing of its acquisition of Vodafone Spain through long-term financing with various international investors, totaling €1,300 million in Senior Secured Notes, $900 million in additional Notes, and over €900 million in term loan facilities. The refinancing, which is set to close on July 17, 2024, will allow the company to repay the short-term acquisition financing and focus on strategic growth plans. Credit rating agencies have given Zegona strong ratings, reinforcing the company’s financial stability.
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