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UK-based TV facilities and transmission specialist Arqiva has refinanced its existing credit lines. The news was confirmed ahead of the company’s Q1 results on November 28th.
This includes a £353.5 million bank term loan, due to mature in February 2018; capital expenditure, working capital facilities, due to mature in February 2018; and the group’s overall liquidity facilities.
The company said it extended the maturity of its facilities and simplified its financing arrangements by establishing:
S&P and Fitch confirmed their ratings of Arqiva’s senior debt at BBB.
Liliana Solomon, CFO of Arqiva, commented: “This successful refinancing provides a solid foundation for the development of Arqiva as the UK’s largest independent towers company and communications infrastructure group.”