Ireland’s eircom launches senior notes due 2026, credit facility

Chicago, April 23 – Dublin-based telecom company eircom Finance DAC plans to price an offering of senior secured notes (B+/BB) due 2026, according to a press release.

Additionally, its subsidiary, Eircom Finco Sarl, intends to introduce a new facility under its existing senior facilities agreement. The notes and the facility together are expected to raise €850 million.

Proceeds from the Regulation S notes and the new senior facility will be used to redeem eircom Finance’s €700 million senior secured notes due 2022, to put cash on the balance sheet and to pay fees and expenses associated with the transactions.

© 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.