Report
Pierre François Merveille

Digi Communications : 5G auctions and potential M&A activity may hamper de-leveraging

>The proposed bond issue will extend the debt maturity profile - RCS & RDS SA, the main subsidiary of the group (Romanian opco) which is 95.6% owned by the listed entity Digi Communications NV (market cap: c. € 713m), plans to issue € 800m of new secured notes split into 2025 (5NC2) and 2028 (8NC3) tranches with a minimum size of € 300m each. Proceeds will be used to i/ redeem the 2023 secured notes (€ 550m outstanding, current call price of 102.5%) as well as the ...
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Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre François Merveille

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