Monday, April 21, 2003

BellSouth Receives $1.5 Billion Repayment from KPN

BellSouth received net proceeds of approximately $1.5 billion resulting from an early repayment by KPN of the entire outstanding balance of the loan BellSouth had extended to KPN as part of their restructuring agreement dated 30-January-2002. The full face value of the loan was repaid, including accrued interest.
http://www.bellsouth.com