Net Servicos Raises US$ 200 Million
20 June 2008 - 8:34AM
PR Newswire (US)
SAO PAULO, Brazil, June 19 /PRNewswire-FirstCall/ -- Net Servicos
de Comunicacao S.A. (Bovespa: NETC3 and NETC4; Nasdaq: NETC; and
Latibex: XNET), a publicly-held company with headquarters located
at Rua Verbo Divino no. 1.356 - 1no. andar, Chacara Santo Antonio,
located in the city and state of Sao Paulo, inscribed in the roll
of corporate taxpayers (CNPJ/MF) under no. 00.108.786/0001-65, in
compliance with CVM Instruction 358/02, as amended, informs that it
has raised with Banco Inbursa, through a loan agreement, a total
amount of US$ 200,000,000.00. The principal amount of this loan
will be repayable in three annual installments, with the final
installment of principal due in June 2019. The loan bears interest
rate at 7.875% per year. Funds will be used to finance the
acquisition of the companies operating under the BIGTV brand name,
and the remaining funds will be invested in the acceleration of
NET's organic growth. DATASOURCE: Net Servicos de Comunicacao S.A.
CONTACT: Net Servicos de Comunicacao S.A. Investor Relations, IR
Contact: Marcio Minoru, Capital Markets Officer, or Adriana
Godinho, IR Manager,or Maria Siqueira, IR Analyst,
+55-11-2111-2785, Web site: http://ri.netservicos.com.br/
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