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Zegona Communications PLC - investment company focused on European telecoms - Investee Euskaltel has replaced its EUR215 million amortising debt with a new EUR215 million term loan with no amortisation before December 2023. With this change in the company's debt structure, Euskaltel eliminates all term loan repayments until December 2023. This transaction increases the average maturity of its corporate debt to over four years. This refinancing provides financial flexibility to increase investments in its Virgin national expansion plan and accelerate the realisation of profitable growth.
Current stock price: 116.01 pence
Year-to-date change: up 7.8%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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