GTH extends settlement period of VEON’s $100m loan

Cairo – Mubasher: Global Telecom Holding’s (GTH) ordinary general meeting (OGM) has approved to extend the maturity of the $100 million revolving credit facility offered by the Netherlands-based VEON Holdings.

The facility, currently maturing on 30 November, will be extended for an additional three months in accordance with the same current terms, GTH said in a statement to the Egyptian Exchange (EGX) on Sunday.

As for the extraordinary general meeting (EGM), it has agreed on amending articles number 17 and 48 of the company’s articles of association.

In May, GTH’s board approved a temporary rise of $100 million in revolving credit facility agreement with VEON Holdings.

Mubasher Contribution Time: 18-Nov-2018 10:25 (GMT)
Mubasher Last Update Time: 18-Nov-2018 10:30 (GMT)