Intermediate Capital Group invests in KronosNet for growth acceleration

EditorMaria Ponnezhath
Published 05/02/2025, 12:46 am
© Reuters.

Investing.com -- Intermediate Capital Group (LON:ICGIN) Plc has poured new equity into KronosNet, a third-party business service provider, Bloomberg reported on Tuesday, citing a source.

The report also added that the cash injection amounted to €75 million ($77.4 million).

This financial boost is intended to expedite KronosNet's growth investments.

The majority of KronosNet’s debt is set to mature in October 2029, including a €305 million term loan A and an €870 million term loan B, according to Bloomberg data. 

Additionally, it has a €175 million revolving credit facility available until April 2029.

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