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Sir Charles Dunstone and TalkTalk’s other main shareholders have offered to inject £150m into the company considering upcoming repayment deadlines, according to a report from the Telegraph.
The debt comes from borrowing three years ago that enabled Dunstone to take TalkTalk off the stock exchange.
The lenders behind the £330m revolving credit facility are looking to reduce this to as little as £150m, in hopes of unlocking a rescue deal.
TalkTalk is also facing repayments of £685m of bonds in Feb next year, taking its total upcoming repayments north of £1bn.
The Telegraph highlights that TalkTalk is also attempting to raise £450m from the sale of its wholesale arm to Macquarie.
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