Debt-ridden Eircom to hold talks with ST Telemedia about new capital injection

The Irish Times, 2 Mar 2011Eircom has net senior debt of €2.7 billion. It also owes €350 million to floating rate noteholders and has €630 million in PIK notes, which are currently trading at a substantial discount. It is scheduled to make a repayment of €24 million in June this year and €296 million by June 2014. The rest of the debt must be repaid over the following three years.Eircom said it