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.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.