“The company would like to inform its investors and the market that on April 21, 2023, RCS & RDS S.A. (the company’s subsidiary in Romanian – “RCS &RDS”), as borrower, the company and Digi Spain Telecom S.L.U. as original guarantors and ING Bank N.V., BRD-Groupe Société Generale S.A., Citibank Europe plc, Dublin – Romania Branch, Raiffeisen Bank S.A. and UniCredit S.A., as mandated lead arrangers, other financial institutions listed therein as original lenders have concluded a senior facility agreement (the “SFA”),” the company said in its report.
The senior loan facility agreement consists of: “(i) a term loan facility in a total aggregate amount of EUR150,000,000, for a period not exceeding January 31, 2028; (ii) a revolving credit facility in a total aggregate amount of EUR100,000,000, for three years from the signing of the SFA, and (iii) one or more incremental facilities not exceeding in aggregate EUR250,000,000, which may be established and made available in accordance with the SFA. The borrowed amounts may be used by the company’s Romanian subsidiary for the purposes of debt refinancing, capital expenditure, investments, general corporate and working capital purposes.”
Digi Communications has RON3.58 billion capitalization and its shares have gained 13.65% in 2023. In comparison, the BET index has gained 6.7%. Digi’s debt stood at EUR1.3 billion at the end of 2022 compared with EUR1.4 billion at the end of 2021.
(English version by Loredana Fratila-Cristescu)