Kuwaiti phone company Zain has paid the majority of its debts and wants to restructure the remainder, according to its Chief Operating Officer Barrak Al- Sabeeh, Bloomberg has reported. “We have paid off most of our debts, what remains is a small amount with high interest,” Al-Sabeeh told said. “We want to restructure these debts with lower interest.” The company has announced last month it was considering options for a revolving credit facility of $1.5bn to refinance existing debts at lower rates.