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Helios Towers PLC on Thursday said it has signed a new five-year term loan facilities agreement of up to $600 million and a revolving credit facility agreement for up to $120 million. The telecommunications infrastructure company also separately announced on Thursday that its indirect wholly-owned subsidiary, HTA Group Ltd, has launched a tender offer for up to $400 million of 7.0% senior notes due in 2025. The tender offer will expire on October 13. Helios said the new term loan will be used to fund HTA’s tender offer, repay the $65 million drawn on its existing term loan facility, and to fund general corporate purposes. It added that the new revolving credit facility will replace its existing and undrawn $70 million revolving credit facility. Shares in the firm were up 0.3% at 88.10 pence on Thursday morning in London. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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