Polkomtel refinances to cut annual lending costs by PLN100m

18 Jun 2013

Polish wireless operator Polkomtel has refinanced PLN7.95 billion (USD2.50 billion) worth of loans in a bid to cut its borrowing costs by more than PLN100 million per year, Reuters writes. The cellco had said earlier this year that it had outstanding debts totalling around PLN11 billion. Polkomtel, which offers its services under the ‘Plus’ banner, has named insurance firm PZU and banks PKO, Pekao and Bank Zachodni as senior mandated lead arrangers in the new financing. Other arrangers include Nordea, DnB Bank, ING, HSBC, BNP Paribas, Royal Bank of Scotland, BRE Bank, Bank Millennium, Raiffeisen Bank, Societe Generale, and Credit Agricole.

Poland, Plus (Polkomtel)