1 Oct 2012 07:00
Telefónica Czech Republic signed the 4-year term loan facility worth CZK 3 billion
October 1, 2012
Pursuant to the article 119b paragraph 3 of the Act No. 256/2004 Coll., on Capital Market Undertakings, Telefónica Czech Republic, a.s. announces that on September 27, 2012 it signed the CZK 3 billion credit facility jointly arranged by UniCredit Bank Czech Republic, a.s., (also acting as an agent), Česká spořitelna, a.s., Komerční banka, a.s., Citibank Europe plc and Československá obchodní banka, a. s.
The company will use the 4-year term loan facility for refinancing of the debt due in 2012 and for general corporate purposes. The loan facility is priced at 3M PRIBOR plus margin 1.75%, currently representing significant saving in financial costs compared to the previous debt facility (due in 2012). At the same time, the refinancing enables the company to maintain its flexibility in managing the business in agile way.
Contacts
Investor Relations Telefónica Czech Republic, a.s. investor.relations@o2.com t +420 271462076 |
About Telefónica Czech Republic
Telefónica Czech Republic is a major integrated operator in the Czech Republic. It is now operating almost seven million lines, both fixed and mobile, making it one of the world's leading providers of fully converged services. The organization offers the most comprehensive portfolio of voice and data services in this country. It is paying special attention to the exploitation of the growth potential, particularly in the data and Internet sector. Telefónica Czech Republic operates the largest fixed and mobile network including a 3rd generation network, CDMA (for data), and UMTS, enabling voice, data and video transmission. Telefónica Czech Republic is also a notable provider of ICT services.
About Telefónica
Telefónica is one of the world's largest telecommunications operators by market capitalisation. Its activities are centred mainly on the fixed and mobile telephony businesses, while its broadband business is the key growth driver underpinning both. It operates in 25 countries and has a global customer base of over 300 million. Telefónica's growth strategy is focused on the markets in which it has a strong foothold: Europe and Latin America. Telefónica is a 100% private sector company with its shares listed in Madrid and other stock exchanges and more than 1.5 million individual shareholders.