{
    "title": "Telenet successfully completed the 10% repurchase of its 3.50% \u20ac600.0 million Senior Secured Fixed Rate Notes due March 2028",
    "modified_at": "2020-04-09 07:30:06",
    "published_at": "2020-04-09 07:30:00",
    "url": "https://press.telenet.be/telenet-successfully-completed-the-10-repurchase-of-its-350-6000-million-senior-secured-fixed-rate-notes-due-march-2028",
    "short_url": "http://prez.ly/Verb",
    "culture": "en",
    "language": "EN",
    "slug": "telenet-successfully-completed-the-10-repurchase-of-its-350-6000-million-senior-secured-fixed-rate-notes-due-march-2028",
    "body": "<p>Brussels, April 9, 2020 &ndash; <strong>Telenet Group Holding NV (&ldquo;Telenet&rdquo; or the &ldquo;Company&rdquo;) (Euronext Brussels: TNET) announces that its financing subsidiary Telenet Finance Luxembourg Notes S.&agrave; r.l. (&ldquo;TFLN&rdquo;) has successfully completed the 10% repurchase of its 3.50% &euro;600.0 million Senior Secured Fixed Rate Notes due March 2028 (the &ldquo;Notes&rdquo;) for an aggregate amount of &euro;56.6 million. The Notes were repurchased at a weighted average price of 94.375% over the period March 12, 2020 up to April 7, 2020 through an independent financial intermediary, who repurchased such Notes on TFLN&rsquo;s behalf. The transaction was settled on April 9, 2020 through excess cash on the Company&rsquo;s balance sheet and will further solidify the Company&rsquo;s Adjusted Free Cash Flow profile. &nbsp;&nbsp;</strong></p><p>TFLN will now cancel the repurchased Notes in full, including the settlement of accrued interest. Through this transaction, the outstanding principal amount under the Notes decreased to &euro;540.0 million, leading to annual cash interest savings of &euro;2.1 million. &nbsp;&nbsp;</p><a href='https://cdn.uc.assets.prezly.com/dc13c220-cfe3-4cac-9b8d-7b0d78b6bdda/-/inline/no/20200309-partial-eur-ssn-repurchase-eng.pdf' class='release-content-attachment' id='attachment-dc13c220-cfe3-4cac-9b8d-7b0d78b6bdda' data-type='attachment' data-track='Story File Download' data-placement='content' data-id='dc13c220-cfe3-4cac-9b8d-7b0d78b6bdda'>\n    <span class='release-content-attachment__icon'>\n        <svg class=\"icon icon-download\">\n                <use xlink:href=\"#icon-download\"></use>\n            </svg>\n    </span>\n    <span class='release-content-attachment__details'>\n        <strong class='release-content-attachment__title'>Press release</strong>\n        <em class='release-content-attachment__subtitle'>20200309 Partial EUR SSN repurchase (ENG).pdf - 244 KB</em>\n    </span>\n</a><p>&nbsp;</p>",
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    "author": {
        "first_name": "Koen",
        "last_name": "Hooftman"
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