(Alliance News) - Helios Towers PLC on Thursday said it has signed a new five-year term loan facilities agreement of up to USD600 million and a revolving credit facility agreement for up to USD120 million.

The telecommunications infrastructure company also separately announced on Thursday that its indirect wholly-owned subsidiary, HTA Group Ltd, has launched a tender offer for up to USD400 million of 7.0% senior notes due in 2025. The tender offer will expire on October 13.

Helios said the new term loan will be used to fund HTA's tender offer, repay the USD65 million drawn on its existing term loan facility, and to fund general corporate purposes.

It added that the new revolving credit facility will replace its existing and undrawn USD70 million revolving credit facility.

Shares in the firm were up 0.3% at 88.10 pence on Thursday morning in London.

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.