VEON repays in full $805 million under revolver, cancels facility

By Marisa Wong

Los Angeles, March 28 – VEON Ltd. announced that it has repaid in full the outstanding balance of $805 million under its revolving credit facility and canceled the revolver.

The company said the repayment of the outstanding amount and the cancellation of the revolver will reduce its interest expenses, in line with its effective cash and balance sheet management practices.

Amsterdam-based VEON provides mobile and fixed-line telecommunications services through its subsidiaries in emerging markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.