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TalkTalk Telecom to repay amounts drawn under revolver via new notes
By Sarah Lizee
Olympia, Wash., Feb. 10 – TalkTalk Telecom Group plc plans to repay amounts drawn under its revolving credit facility using proceeds from a new offering of notes, according to a press release.
The company announced on Monday that it plans to price £500 million of senior notes due 2025.
Proceeds will also be used to redeem the company’s £400 million senior notes due 2022.
The company is a London-based provider of pay television, telecommunications, internet and mobile network services.
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