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Zegona Communications PLC - London-based investor in European telecommunications and media companies and owner of Vodafone Spain - Secures refinancing of €3.7 billion in debt that extends its maturity beyond five years and will save the company about €60 million per year in interest costs. The new debt structure consists of €1.10 billion in 4.25% senior secured notes due 2032. It also has term loans of €1.35 billion and €1.28 billion, one due in 2031 with an interest rate of 1.75 percentage points over the euro interbank offered rate and one due in 2032 costing 2.00 points over Euribor. An undrawn €500 million revolving credit facility also is charged at 1.75% over Euribor. Zegona notes that its annual interest cost will fall to €170 million under the new financing package from €230 million currently. ‘Today’s landmark refinancing demonstrates the strength of our operational execution since the acquisition of Vodafone Spain,’ says Chair & Chier Executive Officer Eamonn O’Hare, adding: ‘Today’s announcement marks an important step in building a stronger, simpler and more cash-generative business, set for sustainable growth.’ Current stock price: 1,734.00 pence, up 2.2% in London on Friday 12-month change: more than doubled from 712.00p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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