REFILE-Pegas signs 5-year, EUR 150 mln syndicated credit

16.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

(Adds missing word "euro" to paragraph 1.)...

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Pegas Nonwovens said on Wednesday it had signed a five-year, 150 million euro 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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