Zegona Secures Long-Term Financing Post-Vodafone Acquisition

Zegona Communications (GB:ZEG) has released an update.

Zegona Communications has announced the successful refinancing of its acquisition of Vodafone Spain through long-term financing with various international investors, totaling €1,300 million in Senior Secured Notes, $900 million in additional Notes, and over €900 million in term loan facilities. The refinancing, which is set to close on July 17, 2024, will allow the company to repay the short-term acquisition financing and focus on strategic growth plans. Credit rating agencies have given Zegona strong ratings, reinforcing the company’s financial stability.

For further insights into GB:ZEG stock, check out TipRanks’ Stock Analysis page.