- Permits early repayment of NIS 400 million of the bank debt;
- Decreases B Communications' mandatory bank debt repayments by approximately NIS 150 million per year from approximately NIS 480 million per year to approximately NIS 330 million per year;
- Permits B Communications (SP2) Ltd. (“SP2”), B Communications' wholly-owned subsidiary that holds its Bezeq shares, to pay B Communications a dividend totaling approximately NIS 250 million by November 10, 2013; and
- Revises existing covenants to allow B Communications to cause SP2 to distribute most of the reserves that it accumulates to B Communications.
Internet Gold Announces That It's Subsidiary, B Communications Improves Its Financial Position Through Modifications To Its Financing Agreement With A Consortium Of Israeli Banks
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