Telenet announces 300 million new issuance under Senior Credit Facility
Next step in further optimization of capital structure and debt repayment schedule
- Telenet Group Holding NV ("Telenet" or the "Company") announces a new issuance of 300 million under its existing credit facility (the "Senior Credit Facility"). Following the voluntary debt exchange and extension process and the issuance of additional debt under the Senior Credit Facility in 2010 and early 2011, this transaction is the next step in a further optimization of Telenet's capital structure and improvement of the debt repayment schedules. At the same time, Telenet will focus on transactions involving repayment/repricing and extension of its existing Term Loans G and J under the Senior Credit Facility to further improve its capital structure as announced separately yesterday.
cfr Press Release