Orange €6 billion revolver extended to 2021; interest cut by 25 bps

By Wendy Van Sickle

Columbus, Ohio, Dec. 21 – Orange SA renewed its €6 billion syndicated revolving facility with 24 banks, extending its maturity to December 2021 from January 2018, according to a press release.

The new revolver has two one-year extension options.

This refinancing is part of the group's prudent liquidity management strategy, and its initial interest comes 25 basis points less than the previous revolver’s.

The telecommunications company is based in Paris.

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