Chile's VTR increases bank facility to 175 billion pesos

By Reshmi Basu

New York, Sept. 21 - Liberty Global, Inc. said its subsidiary, VTR GlobalCom SA, has increased its existing facility by 70 billion Chilean pesos to a total size of 175 billion pesos.

The company added that the new facility improves the maturity and other terms of the existing 105 billion peso facility.

The new funds will be used to repay shareholders loans.

Liberty Global will be repaid approximately $120 million, and Cristalerias de Chile SA will be repaid approximately $10 million.

Santiago, Chile-based VTR is 80% owned by Liberty Global and 20% owned by Cristalerias de Chile.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.