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France Telecom Inks €6B Credit Line

France Telecom has secured a €6 billion syndicated revolving credit facility.

France Telecom has secured a €6 billion syndicated revolving credit facility, The Wall Street Journal reports. The financing was secured through 28 international banks to refinance an existing facility.

The maturity of the main existing undrawn credit line has now been extended from June 2012 to January 2016, while obtaining competitive conditions. The amount of the credit line has been reduced compared to the one signed for €8 billion in 2005.

Click here for the story from The Wall Street Journal.

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