Airtel Uganda secures extension of USD 119 mln loan repayment

12 July 2019

Mergers, Acquisitions and Financial Results

Airtel Uganda sought an extension for payment of a USD 119 million loan facility due in 2019, the Daily Monitor reported citing Airtel Africa's prospectus for its IPO. The company said Absa Bank had arranged to extend repayment from 2019 to 2021.

In June, Airtel Uganda arranged for the extension of two existing committed bank facilities with Absa, totaling USD 119 million, from October and December to January 2021, the prospectus reads in part.

Source: The Monitor