Interoute announces €250,000,000 Senior Secured Term Loan B
London, United Kingdom, 27 October 2016, 6:31 P.M. – Interoute Communications Holdings Limited (“Interoute”) announces that its subsidiary, Interoute Finco plc (“Interoute Finco”), intends to enter into a new €250,000,000 term loan agreement (the “Term Loan”). A presentation relating to the financing will be posted on our website.
Interoute intends to use all amounts borrowed under the Term Loan to fund the repayment in full of Interoute Finco’s existing €240.0 million senior secured floating rate notes due 2020, to pay transaction fees and expenses and for general corporate purposes.
There can be no assurances that Interoute will be successful in its marketing efforts or that it will be able to enter into the Term Loan. Closing of the Term Loan, which is anticipated to occur in the fourth quarter of 2016, is subject to market conditions, as well as the negotiation and execution of definitive documents and the satisfaction of customary closing conditions.
EVP Corporate Development and Investor Relations
Important Regulatory Notice
This press release constitutes a public disclosure of inside information by Interoute Finco plc under Regulation (EU) 596/2014 (16 April 2014).
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