{"id":602445,"date":"2019-03-27T03:55:51","date_gmt":"2019-03-27T03:55:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/"},"modified":"2019-03-27T03:55:51","modified_gmt":"2019-03-27T03:55:51","slug":"gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/","title":{"rendered":"GTH board approves rescheduling of USD 100 mn loan from majority shareholder"},"content":{"rendered":"

Global Telecom Holding\u2019s (GTH) board of directors has approved a three-month extension on the maturity of a USD 100 mn revolving credit facility from majority shareholder Veon Holdings, according to an EGX disclosure (pdf)<\/a>. The debt was originally due to be settled on 31 May. GTH said earlier this week<\/a> it had postponed to 26 June a general assembly meeting to vote for a capital increase of EGP 11.2 bn after Veon rescheduled the repayment of this debt and another also due in May.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Telecom Holding\u2019s (GTH) board of directors has approved a three-month extension on the maturity of a USD 100 mn revolving credit facility from majority shareholder Veon Holdings, according to an EGX disclosure (pdf). The debt was originally due to be settled on 31 May. GTH said earlier this week it had postponed to 26 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[204,2372,72,7087,2517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602445","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-enterpriseam","tag-finance","tag-governance","wpautop","entry"],"acf":{"mongo_id":"867abecd-6c38-4d4a-af35-adbbb6d62219","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602407],"teaser":"","voice_url":""},"yoast_head":"\nGTH board approves rescheduling of USD 100 mn loan from majority shareholder - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTH board approves rescheduling of USD 100 mn loan from majority shareholder\" \/>\n<meta property=\"og:description\" content=\"Global Telecom Holding\u2019s (GTH) board of directors has approved a three-month extension on the maturity of a USD 100 mn revolving credit facility from majority shareholder Veon Holdings, according to an EGX disclosure (pdf). 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GTH said earlier this week it had postponed to 26 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-27T03:55:51+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GTH board approves rescheduling of USD 100 mn loan from majority shareholder\",\"datePublished\":\"2019-03-27T03:55:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\"},\"wordCount\":92,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"EnterpriseAM\",\"Finance\",\"governance\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\",\"name\":\"GTH board approves rescheduling of USD 100 mn loan from majority shareholder - 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The MTO kicked off yesterday,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595862,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/veon-mto-for-global-telecom-closes\/","url_meta":{"origin":602445,"position":4},"title":"Veon MTO for Global Telecom closes","author":"enterpriseam admin","date":"8 August 2019","format":false,"excerpt":"M&A WATCH- Veon MTO for Global Telecom closes: Global Telecom Holding\u2019s (GTH) sale of 1.99 bn shares in a mandatory offer (MTO) launched by majority shareholder Veon to acquire 42.3% of the company is now complete and the MTO has closed, according to an emailed statement (pdf) from Shalakany Law\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594893,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-stock-exchange-removes-gth-shares\/","url_meta":{"origin":602445,"position":5},"title":"Egyptian Stock Exchange removes GTH shares","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"The EGX has taken Global Telecom Holding\u2019s shares off the exchange after the company completed all voluntary delisting procedures, the domestic press reports. GTH\u2019s shareholders approved the delisting during an extraordinary general assembly meeting last month after the company\u2019s main shareholder, Veon, completed a mandatory tender offer taking GTH private.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=602445"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602445\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602407"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602445"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602445"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}