Smile Telecoms: Debt restructuring in the balance
Smile Telecoms is awaiting one lender’s vote in support of its ECA debt restructuring plan, alongside creditors approval for $51 million of new money from shareholders. However, if the lender holds out against the deal, the UK courts could force the African telecom company to accept the existing terms of the plan - or if it fails completely the company will go bust.
Hello stranger, fancy seeing you here…
Unfortunately you’ve stumbled across our paid-for content but that’s not a problem, join the TXF Essentials community today for unrestricted access to:
- Daily news and analysis from our TXF experts
- Access to TXF data dashboards and Smart Search
- Market reports and bi-annual long reads
- And much much more…
Sign in to post a comment. If you don't have an account register here.