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Zegona Communications Achieves Successful €725m Debt Refinancing

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Zegona Communications Achieves Successful €725m Debt Refinancing

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An update from Zegona Communications ( (GB:ZEG) ) is now available.

Zegona Communications PLC has successfully refinanced €725 million in debt, which includes a €575 million Term Loan B and a €150 million issuance of senior notes. This refinancing reduces the company’s annual interest costs and transitions its capital structure to a ‘covenant lite’ model, reflecting strong operational performance and strategic execution since acquiring Vodafone Spain.

The most recent analyst rating on (GB:ZEG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.

More about Zegona Communications

Zegona Communications PLC is a company established in 2015, focusing on investing in the European Telecommunications, Media, and Technology sector. It aims to enhance the performance of these businesses to provide attractive returns for shareholders. The company is led by former Virgin Media executives and recently completed the acquisition of Vodafone Spain.

Average Trading Volume: 368,675

Technical Sentiment Signal: Buy

Current Market Cap: £6.5B

See more data about ZEG stock on TipRanks’ Stock Analysis page.

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