#debt-financing

#debt-financing

In a development that the UK's fourth largest full-fibre network has said reinforces confidence in its ability to deliver at scale while staying on track with its profitability targets, and in the face of stiff economic headwinds hitting similar companies, UK alternative network provider (altnet) Netomnia has announced that it has added £140m to its junior debt raise. The investment builds on Netomnia's £880m senior debt commitment, bringing total debt funding support to £1.2bn, and completes the £300m junior debt raise round.

Pennymac plans to use proceeds from its offering to repay borrowings under secured MSR facilities and other secured indebtedness. The offering is contingent upon market conditions.