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Iliad secures UPC Polska acquisition funding

December 13, 2021 17.23 Europe/London By Chris Dziadul

Iliad’s Polish subsidiary Play has secured funs totalling PLN5.5 billion (€1.2 billion) to partially fund the acquisition of Liberty Global’s UPC Polska.

According to Pay, this follows an agreement with BNP Paribas Bank Polska S.A., Crédit Agricole Corporate and Investment Bank, ING Bank N.V., Powszechna Kasa Oszczednosci Bank Polski S.A., Raiffeisen Bank International AG, Santander Bank Polska S.A. and Société Générale as mandated lead arrangers and underwriters as well as with above mentioned banks and Crédit Agricole Bank Polska S.A. and ING Bank Slaski S.A. as original lenders, The repayment date of the term loan was set for March 26, 2026.

As previously reported by Broadband TV News, last September Liberty Global agreed to sell 100% of its operations in Poland to Iliad’s Polish subsidiary Play for PLN7 billion).

The transaction is conditional to approval of the relevant antitrust authorities and it is expected to close in the first half of 2022.

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Filed Under: Cable, Central & East Europe, Finance, Newsline, Platforms Tagged With: Iliad, PLAY, Poland, UPC Polska Edited: 13 December 2021 17:23

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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