{"id":630029,"date":"2018-04-10T04:42:35","date_gmt":"2018-04-10T04:42:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks\/"},"modified":"2018-04-10T04:42:35","modified_gmt":"2018-04-10T04:42:35","slug":"orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks\/","title":{"rendered":"Orange Egypt receives EGP 7 bn syndicated loan from eight banks"},"content":{"rendered":"

Orange Egypt has signed for an EGP 7 bn syndicated loan with eight banks<\/strong> to refinance its existing EGP 4.3 bn debt (incurred mostly in the acquisition of a 4G license) and finance its expansion plans in Egypt, according to a company statement<\/a>. The lending banks are CIB, NBE, Banque Misr, Alex Bank, HSBC, Emirates NBD, Cr\u00e9dit Agricole, and Attijariwafa Bank. CIB will manage and facilitate the loan<\/a> for Orange Egypt. The company had said it saw two consecutive years of losses<\/a>, in part due to the 700 bps interest rate hike, which drove up financing costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orange Egypt has signed for an EGP 7 bn syndicated loan with eight banks to refinance its existing EGP 4.3 bn debt (incurred mostly in the acquisition of a 4G license) and finance its expansion plans in Egypt, according to a company statement. The lending banks are CIB, NBE, Banque Misr, Alex Bank, HSBC, Emirates […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630029","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5443e360-4050-4daa-ac49-a1e8cb3d7299","order":"0","is_powered_by":true,"section_story_id":"c3b3ca4d-fd3d-41c2-93de-4e76c908b387","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630009],"teaser":"","voice_url":""},"yoast_head":"\nOrange Egypt receives EGP 7 bn syndicated loan from eight banks - 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\/2018\/04\/10\/orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orange Egypt receives EGP 7 bn syndicated loan from eight banks\" \/>\n<meta property=\"og:description\" content=\"Orange Egypt has signed for an EGP 7 bn syndicated loan with eight banks to refinance its existing EGP 4.3 bn debt (incurred mostly in the acquisition of a 4G license) and finance its expansion plans in Egypt, according to a company statement. The lending banks are CIB, NBE, Banque Misr, Alex Bank, HSBC, Emirates […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-10T04:42:35+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\/2018\/04\/10\/orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orange Egypt receives EGP 7 bn syndicated loan from eight banks\",\"datePublished\":\"2018-04-10T04:42:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks\/\"},\"wordCount\":105,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/orange-egypt-receives-egp-7-bn-syndicated-loan-from-eight-banks\/\",\"name\":\"Orange Egypt receives EGP 7 bn syndicated loan from eight banks - 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