{
    "title": "Telenet Finance III Luxembourg S.C.A. announces completion of senior secured notes placement",
    "modified_at": "2011-02-09 19:35:24",
    "published_at": "2011-02-09 19:35:24",
    "url": "https://press.telenet.be/telenet-finance-iii-luxembourg-sca-announces-completion-of-senior-secured-notes-placement",
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    "culture": "en",
    "language": "EN",
    "slug": "telenet-finance-iii-luxembourg-sca-announces-completion-of-senior-secured-notes-placement",
    "body": "<ul class=\"hugin\"> <li class=\"hugin\"> <div align=\"justify\" class=\"hugin\"><b class=\"hugin\">Issuance of \u0080300 million Senior Secured Notes due 2021</b></div></li> <li class=\"hugin\"> <div align=\"justify\" class=\"hugin\"><b class=\"hugin\"></b><b class=\"hugin\">Interest of 6.625%</b></div></li></ul> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><b class=\"hugin\"> </b></p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><b class=\"hugin\"> </b><b class=\"hugin\">Luxembourg, February 9, 2011</b> Telenet Finance III Luxembourg S.C.A. (the \"Issuer\"), an independent financing company, announces that it has completed the pricing of \u0080300 million Senior Secured Notes due 2021 (the \"Notes\"). The Notes will bear interest at 6.625%. </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"> </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\">Upon completion, the Issuer, who is independent from the Telenet group of companies, will lend the gross proceeds of the Notes to Telenet International Finance S.\u00e0 r.l., a subsidiary of Telenet NV, under an additional tranche under the Telenet group's existing credit facility (the \"Senior Credit Facility\"). The Notes will be secured by a first-ranking security interest over all of the capital stock and bank account of the Issuer and a first-ranking security interest over the Issuer's rights as a lender under the Senior Credit Facility. The Notes are obligations of the Issuer alone and not of - or guaranteed in any way by Telenet Group Holding NV, Telenet NV or any of their subsidiaries or affiliates. </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"> </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\">Cfr Press Release</p>",
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    "tags": [
        "French",
        "1",
        "Dutch",
        "English",
        "ImportH"
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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