Polkomtel buyout financed by EUR3.5B loans, junk bonds - Mobile World Live

Polkomtel buyout financed by EUR3.5B loans, junk bonds

05 JUL 2011

Polish businessman Zygmunt Solorz-Zak has agreed an approximate EUR3.5 billion debt package with his lenders to finance the acquisition of Polish mobile operator Polkomtel, of which two-thirds is likely to be financed in the bond market, according to a Dow Jones Newswires report. In addition to the bond financing, the loan package will comprise zloty- and euro-denominated loan tranches.

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