We have advised Teleste on its €53m secured syndicated loan.
Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. The company's solutions bring television and broadband services to its customers, secure their safety in public places and guide their use of public transport. Teleste is listed on Nasdaq Helsinki.
The new syndicated loan facilities agreement includes a €26m term loan and a €19m revolving credit facility for refinancing the group’s existing indebtedness, as well as commercial guarantee limits totalling €8m. The agreement has a two-year maturity with two one-year extension options subject to lenders’ approvals.
