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Portugal Telecom Gets €900M Loan
Portugal Telecom has obtained a €900 million credit facility.
Portugal Telecom has obtained a €900 million credit facility, Reuters reports. The new loan will mature in March 2014 and the proceeds will be used for general corporate purposes.
The telecom company’s debt maturities will be fully financed up to the end of 2013. Bank of America Merrill Lynch, BBVA, Banco do Brasil, Barclays Capital, BNP Paribas and Citigroup were appointed as the lead arrangers and bookrunners of the deal.
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