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Share Name Share Symbol Market Type Share ISIN Share Description
Airtel Africa Plc LSE:AAF London Ordinary Share GB00BKDRYJ47 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.40 -1.07% 130.00 129.90 130.00 132.80 128.30 132.80 984,716 12:23:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 3,593.4 931.0 12.8 8.4 4,886

Airtel Africa Agrees on $125 Million Loan to Support Operations, Investments

10/08/2022 7:56am

Dow Jones News


Airtel Africa (LSE:AAF)
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By Anthony O. Goriainoff

 

Airtel Africa PLC said Wednesday that it has signed a $125 million revolving credit facility with Citi, and that it will use the funds to support operations and investments at four of its subsidiaries.

The Africa-focused telecom and mobile money-services provider said the facility was in line with its strategy to raise debt in its local operating companies, and that it has a tenor up to September 2024.

"The facility provides potential interest rate savings in exchange for achieving social impact milestones relating to digital inclusion and gender diversity, with a focus on rural areas and women," the company said.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

August 10, 2022 02:41 ET (06:41 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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