26th Mar 2026 07:01
(Alliance News) - Helios Towers PLC on Wednesday said it has priced its offering for senior notes due in 2031 in an effort to restructure its debt.
HTA Group Ltd, an indirect but fully owned subsidiary of the London-based telecom tower owner, will issue notes for USD500 million at close to 99% of the principal amount.
The notes will pay an interest rate of 6.8% a year each April and October, and the proceeds will be used to prepay in full an aggregate USD445.0 million of outstanding amounts under the company's term facilities.
The move extends the company's debt average maturity by one year and will reduce its cost of debt by 0.4% to 6.7%.
Helios tower has decided to tap the bond market after it reported growing results for the full-year two weeks ago, saying that it experienced "record" tenancy growth in 2025.
Overall tenancies grew 8.6% to 31,944 in 2025 from 29,406 in 2024, bringing revenue up 7.8% year-on-year to USD854.1 million from USD792.0 million. Pretax profit multiplied to USD136.0 million in 2025 from USD44.2 million in 2024.
HTA Chief Financial Officer & Executive Chair Oman Manjit Dhillon said: "Against a backdrop of global volatility, we are pleased to have further strengthened our balance sheet through this refinancing...As a result, our average maturity now stands at four years, with nearly all debt at fixed rates, giving us a resilient and well-positioned capital structure".
Helios Towers shares closed up 1.7% to 178.00 pence each on Wednesday in London.
By Martin Miraglia, Alliance News reporter
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