Cross Channel Link Gains Debt Bonus as Record Number of Four Legged Passengers Carried

FRANCE – UK – In a week when the Channel Tunnel link saw the 2 millionth pet carried underneath the waterway, Groupe Eurotunnel has released details of the financial restructuring which sees it raise debt of almost 2 billion euros to fully refinance its Tranche C debt. As part of the group's floating rate debt it managed to see the operation oversubscribed 2.5 times as it negotiated five separate fixed rates for repayments over periods ranging between 5 and 33 years borrowing a total of €1.975 billion.

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