Airtel Africa Agrees on $125 Million Loan to Support Operations, Investments
10 Agosto 2022 - 1:56AM
Noticias Dow Jones
By Anthony O. Goriainoff
Airtel Africa PLC said Wednesday that it has signed a $125
million revolving credit facility with Citi, and that it will use
the funds to support operations and investments at four of its
subsidiaries.
The Africa-focused telecom and mobile money-services provider
said the facility was in line with its strategy to raise debt in
its local operating companies, and that it has a tenor up to
September 2024.
"The facility provides potential interest rate savings in
exchange for achieving social impact milestones relating to digital
inclusion and gender diversity, with a focus on rural areas and
women," the company said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
August 10, 2022 02:41 ET (06:41 GMT)
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