Clifford Chance Advises Telekom Austria on €1 Billion Revolving Credit Refinancing

Clifford Chance advised Telekom Austria AG on the refinancing of a €1 billion revolving credit facility provided by a syndicate of 14 international banks, acting for Telekom Austria AG. The new revolving credit line replaces an undrawn €1 billion facility dated July 2019. The facility has a five‑year tenor with two one‑year extension options. The credit line was provided by a syndicate of 14 international banks. Banco Bilbao Vizcaya Argentaria, S.A., Niederlassung Deutschland; Citibank, N.A., London Branch; and Erste Group Bank AG acted as bookrunners. Erste Group Bank AG also serves as agent. Telekom Austria AG is a leading communications provider in the Central and Eastern Europe region with core competencies in telecommunications. Clifford Chance represented client(s) Telekom Austria AG with a team composed by: counsel Christoph Nensa; partner Bettina Steinhauer; senior associate Vanessa Steiner; and associate Nico Lemke (all Global Financial Markets, Frankfurt).

Clifford Chance Advises Telekom Austria on €1 Billion Revolving Credit Refinancing

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