By securing the loan, Telekom Slovenije has ensured the necessary liquidity for the repayment of issued bonds in the amount of EUR 100m that fall due for payment in June 2021.

Telekom Slovenije published an announcement on the LJSE announcing that they have signed a long-term syndicated loan agreement in the amount of EUR 130m with a syndicate of banks organised by NLB and comprising Banka Intesa Sanpaolo,  NLB, SKB banka and UniCredit Banka Slovenija

By securing the aforementioned long-term loan, the company notes that Telekom Slovenije has ensured the necessary liquidity for the repayment of issued bonds in the amount of EUR 100m that fall due for payment in June 2021. A portion of the loan will also be earmarked for investments in connection with the continued implementation of the Company’s established strategy.

The syndicated loan has a maturity of seven years and is divided into three tranches, two in the amount of EUR 50m and one in the amount of EUR 30m, as follows: tranche A with the repayment of principal in equal semi-annual instalments, tranche B with a lump-sum repayment of principal and tranche C with a combination of semi-annual instalments and a lump-sum repayment of principle.