Play with PLN 7 bln refinancing deal

Play mobile operator strikes has signed a PLN 7 billion deal with a group of financial institutions, the company said in a market filing. “The loan will be used to refinance the outstanding debt of the group and a revolving credit facility,” the statement read. The consortium includes Alior Bank, BZ WBK, BNP Paribas, DNB Bank, DNB Bank Polska, PKO BP, TFI PZU and Raiffeisen Bank International. Last year, the company's CEO Jørgen Bang-Jensen, said that Play is mulling refinancing its euro-denominated debt into a PLN-one, given that the company generates revenue in Polish currency.