Source - Alliance News
Zegona Communications PLC - London-based investor in Europe’s telecommunications, media and technology sectors - Reprices its €1.29 billion term loan, reducing its interest rate margin by 125 basis points. Subsidiary Zegona HoldCo Ltd cut the margin on its €920 million term loan due 2029 from 4.25% to 3.0% per year. It also increased the facility by €370 million to repay its $400 million term loan, effectively lowering its cost of debt.
Current stock price: 570.00 pence, up 0.9% in London on Monday
12-month change: more than doubled
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