Hi3G obtains external loan financing
Hi3G has reached an agreement with 12 banks for a five-year loan facility totaling SEK 10.5 billion. The facility covers Hi3G's estimated external loan financing needs for its operations in Sweden and Denmark. Hi3G intends to utilize the entire facility and the company will repay outstanding loans with its owners.
As reported earlier, Investor estimates that its capital contribution to Hi3G, in the form of shareholder's equity, will total approximately SEK 4-5 billion.
Hi3G's owners will initially guarantee the facility. However, the guarantees can be withdrawn partially or in full during the term of the loan, provided that Hi3G fulfills certain financial goals and if approval is obtained from the owners and the banks.
For further information:
Oscar Stege Unger, Investor Relations Manager: +46 8 614 2059, + 46 70 624 2059
oscar.stege.unger@investorab.com
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