Qatar’s Ooredoo Signs $1bn Loan Deal To Repay Existing Debt
Ooredoo will use the new facility to repay a $750 million loan due in May 2015.
Qatar’s Ooredoo has signed a $1 billion five-year revolving credit facility, the telecommunications operator said in a statement on Thursday.
Ooredoo will use the new facility to repay a $750 million loan due in May 2015, with the rest to be allocated for general business purposes, a filing to Qatar’s stock exchange said.
Seventeen banks helped to fund the loan, including Barclays , HSBC and Qatar National Bank.