Pegas signs 5-year, EUR 150 mln syndicated credit

16.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Pegas Nonwovens said on Wednesday it has signed a 5-year, 150 million syndicated loan with Ceska Sporitelna and Citigroup as lead arrangers to ...

...refinance outstanding senior debt.

The transaction is split into a 130 million euro revolving credit and an up to 20 million euro non-syndicated loan.

Pegas said the main benefit would be that the new credit is not amortised, helping it avoid making mandatory payments with regard to the principal, which would have amounted to 13.3 million euros this year.

[PRAGUE/Reuters/Finance.cz]

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