The Polish cable operator Multimedia Polska has secured a loan of PLN1.515 billion (€358.9 million) from Credit Agricole CIB and Credit Agricole Bank Polska.
In a stock market release it says the funds will be used to fully pay off the debts of the company and its shareholders, alongside PLN30 million being allocated as a working capital loan for financing the company’s current needs.
The repayment date for the loan from Credit Agricole has been fixed at six years.
As previously reported by Broadband TV News, late last month UPC dropped its offer to buy Multimedia Polska following a ruling by the country’s Competition Council (UOKiK).
