Vantiva and Vantiva Technologies entered into a credit agreement, pursuant to which a term facility in an aggregate principal amount of €85 million ($89.45 million) has been provided by Barclays Bank Ireland and participated in by certain funds managed/and or advised (directly or indirectly) by Angelo Gordon. The term facility has a maturity date of 31 March 2024 and bears interest at a rate of EURIBOR plus 10%, and which is payable in-kind. Vantiva SA is a party to the credit agreement as parent and guarantor.
Angelo Gordon and Barclays Bank Ireland (each of whom are lenders under Vantiva SA’s existing financing arrangements in addition to the term facility) have indicated their continued support for the business and its acquisition of CommScope’s home network’s division, announced on 3 October 2023.
