Tuesday, March 22, 2011

Portugal Telecom Secures EUR 900 Million Loan

Portugal Telecom has secured a new EUR 900 million credit facility from Bank of America Merrill Lynch, BBVA, Banco do Brasil, Barclays Capital, BNP Paribas and Citigroup. This facility will mature in March 2014.

PT said the transaction is part of its financing strategy, which aims at having diversified maturities and sources of financing.