Numericable looking to refinance debt

French cable operator Numericable is looking to refinance its debt between now and 2014, the operator revealed at the weekend.

Numericable is studying a number of opportunities including a non-optional issue to extend the maturity of a part of its senior debt, in a move seen as an attempt to spread the repayment dates of its overall debt burden.

Under its current commitments, Numericable is set to make significant repayments in 2014. The operator currently has debts of about €2.35 billion, as against €3.3 billion in 2006, thanks in part to an improvement in its operational performance and to the sale of its Belgian and Luxembourg operations last month.

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