VEON Repays $805 Million Balance and Cancels Credit Facility

Thursday, 28 March 2024, 09:01

In a strategic move, VEON has repaid its outstanding balance of $805 million and canceled its revolving credit facility. This action is set to significantly reduce the company's interest expenses moving forward, enhancing its financial position.
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VEON Repays $805 Million Balance and Cancels Credit Facility

VEON Repays Outstanding Balance and Cancels Credit Facility

VEON, a prominent telecommunications company, has successfully repaid $805 million of its outstanding balance and annulled its revolving credit facility. This decision is crucial in minimizing interest expenses and strengthening VEON's financial standing for future growth opportunities.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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