Skip to content
Home » TalkTalk Agrees £75m Funding Boost With Investment Giant KKR

TalkTalk Agrees £75m Funding Boost With Investment Giant KKR

TalkTalk has secured a £75m boost from one of the world’s largest investment firms.

The Salford-headquartered telecoms giant has agreed a non-recourse financing facility with KKR.

The facility, which is collateralised by certain accounts receivables originated by TalkTalk and its subsidiaries, replaces a prior £75m financing facility, which matures this month.

READ MORE: Click here to sign up to the BusinessLive North West newsletter

The new facility will give TalkTalk access to additional liquidity for approximately three years.

“We are pleased to use our experience in receivable financing globally to support TalkTalk with capital that will help the company continue to grow and connect consumers and businesses across the United Kingdom,” said Giacomo Picco, a managing director at KKR.

Demica served as advisor to TalkTalk and will act as the reporting and calculation agent for the program.

US-headquartered KKR is one of the main investors in Gary Neville’s £400m St Michael’s scheme in Manchester city centre.

Story Saved

You can find this story in My Bookmarks.Or by navigating to the user icon in the top right.