Telecom Italia secures €1.5bn bridge loan for network sale and debt reduction, with KKR as potential buyer.

Telecom Italia signed a €1.5bn ($1.6bn) bridge loan to strengthen its liquidity until the closing of its planned sale of fixed network to KKR. The loan, with an 18-month maturity, is underwritten by major banks and will help refinance the company's needs pending European regulators' approval for the network sale. Telecom Italia expects to sell its fixed-line network to KKR for up to €22bn to reduce its substantial debt pile.

April 05, 2024
6 Articles

Further Reading