26th Jun 2026 09:02
Zegona Communications PLC - London-based investor in European telecommunications and media companies and owner of Vodafone Spain - Secures refinancing of EUR3.7 billion in debt that extends its maturity beyond five years and will save the company about EUR60 million per year in interest costs. The new debt structure consists of EUR1.10 billion in 4.25% senior secured notes due 2032. It also has term loans of EUR1.35 billion and EUR1.28 billion, one due in 2031 with an interest rate of 1.75 percentage points over the euro interbank offered rate and one due in 2032 costing 2.00 points over Euribor. An undrawn EUR500 million revolving credit facility also is charged at 1.75% over Euribor.
Zegona notes that its annual interest cost will fall to EUR170 million under the new financing package from EUR230 million currently.
"Today's landmark refinancing demonstrates the strength of our operational execution since the acquisition of Vodafone Spain," says Chair & Chier Executive Officer Eamonn O'Hare, adding: "Today's announcement marks an important step in building a stronger, simpler and more cash-generative business, set for sustainable growth."
Current stock price: 1,734.00 pence, up 2.2% in London on Friday
12-month change: more than doubled from 712.00p
By Tom Waite, Alliance News editor
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