VEON Returns to Capital Markets with Successful Syndication of USD 210 Million Term Loan
VEON (Nasdaq: VEON) has successfully secured a USD 210 million senior unsecured term loan from a consortium of international lenders, including ICBC Standard Bank and leading GCC banks. The 24-month facility marks VEON's return to capital markets and will bear interest at SOFR plus 425 bps.
The new financing strengthens the company's liquidity position and demonstrates market confidence in VEON's digital operator strategy. This headquarters-level syndicated loan aims to enhance the Group's financial flexibility and overall financial position.
VEON (Nasdaq: VEON) ha ottenuto con successo un prestito senior non garantito a termine di 210 milioni di USD da un consorzio di finanziatori internazionali, tra cui ICBC Standard Bank e importanti banche del GCC. Questa linea di credito di 24 mesi segna il ritorno di VEON ai mercati dei capitali e avrà un tasso d'interesse pari a SOFR più 425 punti base.
Il nuovo finanziamento rafforza la posizione di liquidità dell'azienda e dimostra la fiducia del mercato nella strategia di operatore digitale di VEON. Questo prestito sindacato a livello di sede centrale mira a migliorare la flessibilità finanziaria del Gruppo e la sua posizione finanziaria complessiva.
VEON (Nasdaq: VEON) ha conseguido con éxito un préstamo a plazo senior no garantizado de 210 millones de USD de un consorcio de prestamistas internacionales, incluyendo ICBC Standard Bank y principales bancos del GCC. Esta línea de crédito de 24 meses marca el regreso de VEON a los mercados de capitales y tendrá un interés de SOFR más 425 puntos básicos.
El nuevo financiamiento refuerza la posición de liquidez de la empresa y demuestra la confianza del mercado en la estrategia de operador digital de VEON. Este préstamo sindicado a nivel de sede central tiene como objetivo mejorar la flexibilidad financiera del Grupo y su posición financiera general.
VEON (Nasdaq: VEON)은 ICBC 스탠다드 뱅크 및 주요 GCC 은행을 포함한 국제 대출자 컨소시엄으로부터 2억 1천만 달러의 담보 없는 선순위 대출을 성공적으로 확보했습니다. 24개월 기간의 이 자금 조달은 VEON의 자본 시장 복귀를 의미하며, SOFR에 425bp를 더한 이자율이 적용됩니다.
이번 신규 자금 조달은 회사의 유동성 위치를 강화하고 VEON의 디지털 운영자 전략에 대한 시장의 신뢰를 보여줍니다. 본사 차원의 이 신디케이트 대출은 그룹의 재정 유연성과 전반적인 재정 상태를 개선하는 것을 목표로 합니다.
VEON (Nasdaq: VEON) a réussi à obtenir un prêt senior non garanti de 210 millions USD d'un consortium de prêteurs internationaux, y compris ICBC Standard Bank et des banques leaders du GCC. Cette facilité de 24 mois marque le retour de VEON sur les marchés des capitaux et portera un intérêt de SOFR plus 425 points de base.
Ce nouveau financement renforce la position de liquidité de l'entreprise et démontre la confiance du marché dans la stratégie d'opérateur numérique de VEON. Ce prêt syndiqué au niveau du siège social vise à améliorer la flexibilité financière du Groupe et sa position financière globale.
VEON (Nasdaq: VEON) hat erfolgreich ein unbesichertes Senior-Darlehen über 210 Millionen USD von einem Konsortium internationaler Kreditgeber, darunter die ICBC Standard Bank und führende GCC-Banken, gesichert. Die 24-monatige Finanzierung markiert die Rückkehr von VEON zu den Kapitalmärkten und wird mit einem Zinssatz von SOFR zuzüglich 425 Basispunkten belastet.
Die neue Finanzierung stärkt die Liquiditätsposition des Unternehmens und zeigt das Vertrauen des Marktes in die digitale Betreiberstrategie von VEON. Dieses syndizierte Darlehen auf Hauptquartier-Ebene zielt darauf ab, die finanzielle Flexibilität der Gruppe und die gesamte finanzielle Lage zu verbessern.
- Successful securing of USD 210 million term loan facility
- Support from major international banks demonstrates market confidence
- Enhanced liquidity position and financial flexibility
- 24-month term provides medium-term financing stability
- Relatively high interest rate at SOFR plus 425 basis points
- Short-term nature of the loan (24 months) compared to typical long-term corporate debt
Dubai, March 27, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, today announces the successful syndication of a 24-month, USD 210 million senior unsecured term loan under a new facility agreement from a consortium of international lenders, including ICBC Standard Bank and leading GCC banks.
“I am pleased to mark VEON’s return to the capital markets with the successful syndication of this new USD 210 million term loan from a group of leading international banks and investors. This new debt facility reflects the market’s strong confidence in VEON’s strategy, financial health, and future. The new financing not only strengthens our liquidity position but also reinforces our commitment to executing on our digital operator strategy to deliver growth and long-term value creation for all stakeholders,” said VEON Group CEO Kaan Terzioglu.
“This new HQ-level syndicated loan is a testament to VEON’s strong relationships with our banks and other financial partners. It will significantly enhance the Group’s financial flexibility and strengthen our overall financial position,” said VEON Group CFO Burak Ozer.
The facility will bear interest at SOFR plus 425 bps.
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than
Disclaimer
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to VEON’s commercial and investment plans, VEON’s ability to satisfy upcoming maturities and refinance its existing debt, and the expectation that VEON will be able to secure additional financing in the future. These statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause VEON’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements in this press release.
Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. There can be no assurance that the initiatives referred to above will be successful.
Contact Information
VEON
Hande Asik
Group Director of Communication
pr@veon.com
FAQ
What is the size and term of VEON's new loan facility in March 2025?
What is the interest rate for VEON's new 2025 term loan?
Which banks are involved in VEON's March 2025 loan syndication?
How will the new USD 210 million loan benefit VEON?
