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The Warsaw Voice » Business » April 14, 2014
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Cyfrowy Polsat media inks PLN 3 billion credit deal
April 14, 2014   
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Media group Polsat signed a PLN 3 billion debt refinancing deal with a consortium of Polish and international banks, and will eye closing merger with Polkomtel in Q2, the company said in a market filing and a press statement.

The company will get up to PLN 2.5 billion in term facility loan and PLN 0.5 billion in revolving loan, the company said.
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Signing the deal was one of the conditions for merger between Cyfrowy Polsat and Metelem, a company controlling mobile telco Polkomtel, and Cyfrowy Polsat eyes closing the transaction in Q2, according to a press statement.

The loans will be used to pay back debt tied to Senior Facilities Agreement signed in 2011 and Senior Secured Notes, also issued in 2011.
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