Global Telecom Holding’s S.A.E. (GTHE) announced that its subsidiary, Banglalink Digital Communications Limited (“Banglalink”), has entered on April 25 into a new $300 million syndicated term facility agreement with several international banks.
The facility will be guaranteed by VEON Holdings B.V. for nil consideration. The facility has a tenor of up to three years, and will be used to refinance the principal amount of Banglalink’s $300 million bond that matures on 6 May 2019.
The Ordinary General Assembly meeting that is scheduled for June 26, 2019 related to the rights issue remains unchanged.