New USD 850 million Term Loan due 2024, extending our tenor

Tuesday, May 3, 2016 —

  • Telenet has launched an 8-year USD 850 million Term Loan due June 2024
  • Net proceeds of this transaction are intended to be used to prepay Facility O and Facility P under Telenet's existing Senior Credit Facility and in turn to redeem the €300 million Senior Secured Fixed Rate Notes due February 2021 and the €400 million Senior Secured Floating Rate Notes due June 2021
  • Through this leverage-neutral transaction, Telenet will extend the average tenor of its debt maturity profile at current attractive market conditions

Telenet Group Holding NV ("Telenet" or the "Company") announces the launch, on 2 May 2016, of a USD 850 million Term Loan ("Facility AD") due 2024. Pricing and syndication will occur in the following week.

Cfr Press Release