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3 years ago
Qatar's Ooredoo signs $1 bln loan deal to repay existing debt
May 22, 2014 / 11:11 AM / 3 years ago

Qatar's Ooredoo signs $1 bln loan deal to repay existing debt

DUBAI, May 22 (Reuters) - Qatar's Ooredoo has signed a $1 billion five-year revolving credit facility, the telecommunications operator said in a statement on Thursday.

Ooredoo will use the new facility to repay a $750 million loan due in May 2015, with the rest to be allocated for general business purposes, a filing to Qatar's stock exchange said.

Seventeen banks helped to fund the loan, including Barclays , HSBC and Qatar National Bank. (Reporting by Matt Smith; Editing by David French)

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