Shareholders at Romania’s RCS&RDS have approved plans to borrow up to €800 million to restructure the company’s debts and for other purposes.
According to ZF, quoting the Official Gazette, the terms will be for a period not exceeding 10 years.
It adds, as was reported in Broadband TV News earlier this month, that this is an update of previous plans, again outlined in the Official Gazette, to borrow €600 million.
RCS&RDS is the leading cable and DTH operator in Romania and had debts of €994.8 million in 2015.