TalkTalk Group today announces agreement on £115m funding facilities, committed by the existing shareholder and lender group.
The facilities will strengthen the Group’s working capital position, as well as support development of its product and customer service capabilities and investment in network transformation from copper to fibre.
The funding comprises £65m term facilities and a working capital facility of £50m, with maturities in February 2028 and interest to be capitalised.
As previously announced, the Group has appointed advisers in response to inbound interest from potential acquirers of parts of the group. A formal process to explore disposal options is underway.
