Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • Konga Yakata, Nigeria’s Biggest Indigenous Shopping Festival Set To Return
  • All Set For GOCOP 2025 Annual Conference Focused On Nigeria’s Governance Realities
  • Google Gives African Varsity Students Free Access To AI Tools
  • DPI, Verod Capital Face Shareholder Rights Suit Over Pan African Towers Deal
  • Futurex Partners Spire Solutions For Enterprise Encryption Delivery Across Middle East & Africa
  • BREAKING: Nnaji, Nigeria’s Minister Of Innovation, Science & Technology, Resigns Amid Certificate Forgery Scandal
  • Forget The Career Ladder, Build A Web
  • 2025 Digital Nigeria International Conference & Exhibition Date Announced
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » Airtel Africa Signs $500m Credit Facility With Banks
Telecoms

Airtel Africa Signs $500m Credit Facility With Banks

DigitalTimesNGBy DigitalTimesNG22 April 2021No Comments1 Min Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
AIRTEL AFRICA 5
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

Airtel Africa, a provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has announced the successful signing of a new $500 million loan facility with a group of relationship banks.

The new committed facility consists of a combination of a revolving credit facility and term loans with tenor of up to 4 years.

The facility will be used to partially refinance the Group’s €750 million denominated bond (c.$880 million) due 20 May 2021. The balance of the Euro-denominated bond will be repaid with existing Group cash to reduce gross debt and associated interest costs.

The new loan facility further strengthens the core liquidity of the Group. It also has prepayment flexibilities that will allow the Group to optimise the efficiency of its capital structure with the free cash flows and cash receipts anticipated over the next 12 months following the recent announcements related to tower sales and mobile money minority investments.

The banks which participated in the facility include a diverse group of existing global relationship banks, Bank of America, BNP Paribas, Citibank, HSBC, J.P. Morgan, Standard Chartered Bank and two Indian relationship banks, Axis Bank and Kotak Mahindra Bank.

 

READ ALSO  USSD: Telecom Services Providers Owed N17bn By Banks, Says Danbatta
#$500m #Airtel Africa #Banks #Credit Facility
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleFIS, Flutterwave Unite To Boost eCommerce In Nigeria, South Africa
Next Article Bitzlato Partners With Lemonade Finance To Ease Money Transfers Across Africa
DigitalTimesNG
  • X (Twitter)

Related Posts

Will Nigeria’s 9mobile Enjoy Success After Rebrand As T2 Mobile?

9 September 2025

Just In: MTN Apologises As Fibre Cut Cripples Services In Enugu, Benue States

6 September 2025

How Two Nigerian Students Won Airtel Africa Foundation Fellowship

2 September 2025

NCC Moves To Strengthen Cybersecurity Framework As Telecoms Face Growing Threats

1 September 2025

MTN Strengthens Network Infrastructure In Northeast, Restores Services After Upgrade

25 August 2025

T2 Unveils Nigeria’s First Electronic KYC SIM Registration Web App

20 August 2025

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

Konga Yakata, Nigeria’s Biggest Indigenous Shopping Festival Set To Return

9 October 2025

All Set For GOCOP 2025 Annual Conference Focused On Nigeria’s Governance Realities

9 October 2025

Google Gives African Varsity Students Free Access To AI Tools

9 October 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.