Magyar Telecom raises $512.18M via Private Placement of Senior Secured Notes
Magyar Telecom B.V., a Netherland-based wholly-owned subsidiary of Invitel Holdings A/S, procured EUR345 million through a private placement of senior secured notes via private offering.
Invitel is a Hungary-based provider of telecommunications services.
Magyar Telecom has priced its private placement of EUR345 million of senior secured notes. The notes mature in 2016 and bear interest at the rate of 9.5%. The notes were priced at 98.75 to yield 9.75%.
Magyar Telecom has agreed to raise EUR340 million by issuing senior secured notes in a private placement.
Deal Value (US$ Million) 512.18
Deal Type Private Placement
Deal Status Completed: 2009-12-16
Target (Company) Magyar Telecom B.V.
Acquirer (Company) Undisclosed Acquirers
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