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Digi Communications' Romanian and Hungarian subsidiaries RCS & RDS and Digi concluded a syndicated loan providing for three facilities in HUF, RON and EUR currencies with Citibank and ING Bank as the arrangers and several other financial institutions as the lenders, according Telecompaper. Digi Communications is the guarantor while the subsidiaries are the borrowers. The 2018 syndicated facility is a medium-term loan agreement that partially refinances a bridge loan concluded in October 2017. The 2018 syndicated facility replaces the 2017 bridge loan for a corresponding value of approximately EUR 163 million equivalent.
 
The 2018 syndicated facility is meant to be used by the company and its subsidiaries for the same purposes as anticipated by the company in October 2017. Part of the proceeds will be used for the financing of the acquisition by Digi of the Hungarian telecommunications operator Invitel Tavkozlesi. The remainder is intended to be used for general corporate purposes and/or capital expenditures. The 2018 syndicated facility has a maturity of 5 years. The interest rate is of 2.65 percent per annum plus the relevant applicable interbank offered rates.