Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  MásMóvil Ibercom, S.A.    MAS   ES0184696104

MÁSMÓVIL IBERCOM, S.A.

(MAS)
  Report
End-of-day quote. End-of-day quote Bolsas y Mercados Espanoles - 11/03
22.5 EUR   0.00%
2020MÁSMÓVIL IBERCOM S A : Actualización 3Q20
PU
2020MÁSMÓVIL IBERCOM S A : Precio de la ampliación del bono de Lorca
PU
2020MÁSMÓVIL IBERCOM S A : Delisting of the Company's shares
PU
SummaryChartsNewsRatingsCalendarCompanyFinancials 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

MásMóvil Ibercom S A : Repricing LTB

11/11/2019 | 02:15am EST

COMMUNICATION OF A RELEVANT FACT

MASMOVIL GROUP

November 11th, 2019

In accordance with article 17 of the Regulations (UE) number 596/2014 on market abuse and article 228 of the Securities Market Act passed by Legislative Royal Decree 4/2015 of October 23 and concordance rules, we inform the market about the following Relevant Fact referred to MASMOVIL IBERCOM, S.A. ("MASMOVIL" or the "Company" o the "Group").

RELEVANT FACT

MASMOVIL reduces the margin on its TLB in 62.5bp without any other change in conditions, with annual savings of €9M

Thanks to the positive performance of the Company and to the increased visibility on its FCF generation capacity due to the last agreements reached with Orange, as well as to the favourable evolution of the debt markets, MASMOVIL has completed the re-pricing of the margin on the Term Loan B ("TLB") initially launched last May.

The margin on the TLB has been reduced from the initial 325bp to 262.5bp, that is 62.5bp margin reduction, which results in an annual initial saving of €9M in the TLB interest.

The rest of the conditions of the TLB, including the margin ratchet as a function of leverage (that could imply an additional 50bp margin reduction), and the cov-lite nature of the TLB remain unchanged. The renewal rate has exceeded 90%.

BNP Paribas and Goldman Sachs have been physical bookrunners on the transaction, and were also global coordinators alongside J.P. Morgan.

Madrid, November 11th, 2019.

D. Meinrad Spenger

CEO

MASMOVIL IBERCOM, S.A.

Disclaimer

Masmovil Ibercom SA published this content on 11 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2019 07:14:06 UTC


© Publicnow 2019
All news about MÁSMÓVIL IBERCOM, S.A.
2020MÁSMÓVIL IBERCOM S A : Actualización 3Q20
PU
2020MÁSMÓVIL IBERCOM S A : Precio de la ampliación del bono de Lorca
PU
2020MÁSMÓVIL IBERCOM S A : Delisting of the Company's shares
PU
2020Europe telecoms lobby group 'denounces' bans on Chinese vendors
RE
2020MasMovil says has not been in talks with Vodafone
RE
2020MasMovil says had no contacts with Vodafone over potential takeover
RE
2020MÁSMÓVIL IBERCOM S A : Call of EGM
PU
2020Sufficient MasMovil shareholders support take-private deal
RE
2020Sweden's EQT to buy Idealista for $1.5 billion in hot Spanish market
RE
2020Liberty Global surprises with $7.4 billion deal to buy Sunrise in latest tele..
RE
More news
Financials
Sales 2020 1 864 M - -
Net income 2020 126 M - -
Net Debt 2020 1 922 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 2 956 M 3 505 M -
EV / Sales 2020 2,62x
EV / Sales 2021 2,22x
Nbr of Employees 964
Free-Float 6,54%
Chart MÁSMÓVIL IBERCOM, S.A.
Duration : Period :
MásMóvil Ibercom, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
NameTitle
Meinrad Spenger Chief Executive Officer & Director
Eduardo Díez-Hochleitner Rodríguez Chairman
José María del Corro Chief Financial Officer
Santos Fernandez Miguel Chief Technology Officer
José Eulalio Poza Sanz Vice Chairman
Sector and Competitors