Telenet announces additional debt facilities in an aggregate amount of €700 million under Senior Credit Facility

  • Arrangement of €500 million pursuant to an additional facility to the Senior Credit Facility;
  • Expect to raise an additional €200 million (equivalent) in debt financing;
  • Proceeds will be used to fund the proposed share buy-back in the form of a conditional voluntary tender offer as separately announced this morning.

Telenet Group Holding NV ("Telenet" or the "Company") announces the arrangement of an additional facility, in the amount of €500 million, under its existing credit facility (the "Senior Credit Facility"), taking advantage of the current favorable credit market conditions. In addition, Telenet expects to raise an additional €200 million (equivalent) in debt financing in the US$ debt capital and/or loan markets. The arrangement of the new facility follows Telenet's decision to modify its capital structure and to adapt its shareholder remuneration policy as announced separately this morning. The closing of the €500 million debt issuance is subject to customary closing conditions.

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About Telenet group

As a provider of entertainment and telecommunications services in Belgium and Luxembourg, Telenet group aims to offer its customers the best possible experience in the digital world. Through its Telenet, BASE and TADAAM brands, the company provides digital television, internet, and fixed and mobile telephony services to residential customers in Belgium. In the Grand Duchy of Luxembourg, Telenet group provides these services under the Eltrona brand. 

Telenet Business serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. With more than 3,000 employees, Telenet group has one clear goal: to make living and working easier and more enjoyable. 

Telenet group is an integral part of Ziggo Group, which brings together Telenet group and VodafoneZiggo. Telenet group continues to operate under its own brands and remains responsible for its customers, employees, strategy and performance in its markets. Ziggo Group is 90% owned by Liberty Global and 10% owned by Vodafone Group. 

More information about Telenet group and its products is available on the Telenet website. The Telenet group newsroom can be found on the press website. 

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