Bloomberg News

Everything Everywhere Gets $1.4 Billion of Loans to Repay Owners

November 27, 2011

Nov. 25 (Bloomberg) -- Everything Everywhere, the U.K. mobile phone venture of France Telecom SA and Deutsche Telekom AG, signed 875 million pounds ($1.4 billion) of loans to repay money lent by its parent companies.

The facility is split equally between a revolving credit facility maturing in 2016 and a term loan due in 2014, according to an e-mailed statement from the Hatfield, England-based company. It will refinance a 1.25 billion-pound shareholder loan provided by France Telecom and Deutsche Telekom to form the venture in April 2010.

Barclays Capital coordinated the loan, with Bank of Tokyo- Mitsubishi UFJ Ltd., HSBC Holdings Plc, JPMorgan Chase & Co., Lloyds Banking Group Plc, Morgan Stanley and Royal Bank of Scotland Group Plc completing the lending group, according to data compiled by Bloomberg.

--Editors: Cecile Gutscher, Michael Shanahan

To contact the reporter on this story: Stephen Morris in London at smorris39@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net.


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus