Global Telecom extends maturity of revolving credit facility of $100m

27 Mar 2019

ArabFinance: Global Telecom Holding S.A.E. (GTH) announced the resolutions of Board of Directors that convened on March 25, 2019, as the board approved extension of the maturity of the revolving credit facility of USD 100 million offered by VEON Holdings B.V., maturing on 31 May 2019 for an additional three months with the same current terms as per the authority granted to the Board of Directors by the Ordinary General Assembly dated the 15 November 2018to extend the revolving credit facility for an additional 2 period(s), the term of each is three months, with the same current terms, depending on the needs of the Company and delegating Mr. Vincenzo Nesci in his capacity as Managing director and Mr. Gerbrand Leendert Harm Nijman in his capacity as Chief Financial Officer severally of jointly to sign any documentation related thereto.

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