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
  • Stakeholders At eBusinessLife Girls In ICT Day Event Call For More Action On Girls Participation In ICT
  • UK Minister For Africa Concludes Strategic Visit To Nigeria To Deepen Bilateral Ties
  • NATEP Relaunched As Nigeria Targets 1 Million Jobs, $1 Billion FDI In Digital Service Exports
  • “How Do I Kelee Gi?”: The Song That Rose From The Rubble Of A Lagos Bomb Blast
  • Hydrogen, Lagos State Govt Power Wellness Drive For Business Owners In Ikeja
  • Tinubu Hails NASENI’s Contributions To National Economy
  • Experts @ABoICT 2025 Warn Of Digital Disaster Risks In Nigeria Without AI Governance
  • NCC Unveils e-Health Project In Akure To Boost Digital Healthcare
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  Airtel Africa Pledges Support For Africa's Digitalisation
#$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

EMOSIM Launches eSIM In Lagos, Heralds New Era Of Global Connectivity And Digital Inclusion

28 May 2025

NCC Orders Full Disclosure, Penalty For Major Telecom Outages, Launches Portal

26 May 2025

NCC, Ghana’s NCA Strengthen Telecom Regulatory Ties At Accra Meeting

20 May 2025

SeerBit, Spectranet Unveil ExpressPay To Deliver Instant, Seamless Internet Subscription Payments

7 May 2025

Amazon Takes On Starlink, Launches First Kuiper Internet Satellites

29 April 2025

Starlink Unveils Gen 3 Kit For Faster, Better Internet Connectivity In Nigeria

23 April 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

Stakeholders At eBusinessLife Girls In ICT Day Event Call For More Action On Girls Participation In ICT

2 June 2025

UK Minister For Africa Concludes Strategic Visit To Nigeria To Deepen Bilateral Ties

2 June 2025

NATEP Relaunched As Nigeria Targets 1 Million Jobs, $1 Billion FDI In Digital Service Exports

2 June 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. Designed by Max Excellence LLC.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

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