Telco company 2Degrees increases its debt capacity to fund future expenditure

Mon, 30 Jul 2018

By Pattrick Smellie July 31 (BusinessDesk) - New Zealand telecommunications operator 2Degrees is adding $50 million in senior debt capacity to its balance sheet as it refinances an existing $200 million debt facility and bumps it up to $250 million, according to the company's parent, US-based Trilogy International partners. Lead managed by Dutch multinational ING Bank, the new arrangement also includes a $35 million "accordion facility" which Trilogy said could be used in the future to fund capital expenditures. "The completion of this...

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