RCS&RDS targets EUR800m loan

10 Apr 2013

According to the Romania Business Review, Romania Cable Systems (RCS&RDS) intends to obtain financing of up to EUR800 million (USD1.04 billion) covering a ten year period, and has not ruled out the possibility of attracting new shareholders. The funds will be used to totally or partially restructure the company’s current financial commitments. Shareholders will meet in early-May to discuss the issue. Previously, in early 2011, RCS&RDS took up a syndicated loan of USD206 million to help it pay off some existing loans, alongside an additional syndicated loan of USD163 million.

Romania, RCS&RDS (DIGI)