TalkTalk Group: new funding update
Further to our 25th July announcement of the £100m new funding facilities committed by existing shareholders, TalkTalk Group is pleased to announce that proposed participation in the new facilities by other existing financial stakeholders of the group will see the funding increased to a total of approximately £120m.
The new funding facilities will be used to strengthen the group's working capital position and support new product and other investment across its two businesses - PXC and TalkTalk.
The Group also confirms that more than 90% of its first lien creditors and approximately 87% of its second lien creditors have signed up to a support agreement to implement the transaction announced on 25th July.
Enquiries:
TalkTalk Press Office
press.office@talktalkplc.com