A consortium bidding to buy Spanish telecoms operator MasMovil secured a loan of 2 billion euros ($2.25 billion) to finance the deal, according to a term sheet from one of the lead managing banks.

The seven-year loan, which private equity firms Cinven, KKR and Providence aim to use the finance the bid, was increased in size from an originally targeted 1.5 billion euros.

Barclays , BNP Paribas, Morgan Stanley and Deutsche Bank, acted as joint global coordinators, while Credit Agricole, Mizuho and Santander were bookrunners.

(Reporting by Isla Binnie; editing by Jesús Aguado)