KKR is Refinancing Telxius Deal Debt, Cinco Dias Reports
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KKR & Co. is refinancing the bank debt taken on to help fund its purchase of a 40% stake in Telxius, Telefonica SA’s wireless towers unit, Cinco Dias reported, citing people in financial markets that it didn’t identify.
Under the new terms, the amount of the loan will fall to 440 million euros ($512 million) from 460 million euros and the maturity will be extended to 2025 from 2022 under softer conditions, the newspaper said.