October 15, 2024
Financial Assets

TalkTalk bonds tumble as debt deadlines loom


TalkTalk’s bond price has fallen to a new low as the embattled telecoms company races to secure a new deal with debt-holders by the end of this month.

One of the broadband provider’s bonds was trading at 66.25p in the pound on Friday, down nearly 9 per cent in a week.

TalkTalk is in the process of negotiating a refinancing of its debts, which amount to more than £1 billion. It said it was making “good progress” in its talks within bondholders.

Sir Charles Dunstone, the founder of TalkTalk, with his wife, Celia. Dunstone took TalkTalk private in 2021

Sir Charles Dunstone, the founder of TalkTalk, with his wife, Celia. Dunstone took TalkTalk private in 2021

DAVE BENETT/GETTY IMAGES

A key concern for TalkTalk, which was taken private by its founder Sir Charles Dunstone in 2021, is a £330 million revolving credit facility due to expire in November.

The company faces breaching its covenants without fresh investment by the end of this



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