Telekom Austria AG (TKA.VI) said Wednesday its unit Telekom
Finanzmanagement GmbH closed a syndicated revolving credit facility
for 735 million euro ($904 million), replacing an existing facility
which matures in August 2013.
MAIN FACTS:
-The new credit facility has a maturity of five years, with an
option for banks to extend a further two years, and can be used for
general corporate purposes.
-The bank syndicate comprises 16 national and international
lenders in total.
-Citigroup Inc. (C) and UniCredit Spa (UCG.MI) acted as
coordinating bookrunner and mandated lead arranger.
-"With this new syndicated credit facility Telekom Austria Group
currently has access to EUR935 million undrawn, committed credit
lines, which increase our financial flexibility," Chief Financial
Officer Hans Tschuden said.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
Subscribe to WSJ: http://online.wsj.com?mod=djnwires