The first loan, of EUR100 million, will be used to refinance a credit facility contracted in 2016, the company said.
The second loan, a EUR50 million revolving facility, will be used for capital expenditure, investments, general corporate, and working capital purposes (including intra-group loans) of the Digi group.
RCS&RDS signed the loan agreement on December 15.
DIGI Tavkozlesi es Szolgaltato Korlatolt Felelossegu Tarsasag, INVITEL and DIGI Spain Telecom act as original guarantors and ING Bank acts as facility agent of the other financing parties.
Digi group reported 8.7% revenue growth in the first nine months of 2020, to EUR950.6 million, and a loss of EUR24 million. Its Romanian operations accounted for 62% of the group’s revenues and contributed 76% to its consolidated EBITDA.