GTH’s shareholders approve extending maturing of USD100mn RCF, amendments to articles of association
Global Telecom Holding’s (GTH) [GTHE.CA] shareholders approved extending the maturity of the USD100mn revolving credit facility (RCF) provided by VEON Holdings for three months, to 30 Jan 2019. Shareholders delegated the Board of Directors to further extend the RCF for two additional periods of three months on the same terms, depending on the needs of the company. The amendments of articles 17 and 48 of the statutes of the company were also approved.
Global Telecom Holding (GTH): EGP3.54 as of 18 Nov. 2018, Rating: Buy, TP: EGP6.50/share, MCap: USD932mn, GTHE EY/GTHE.CA
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