Telenet successfully extends the maturity and increases the commitments of its revolving credit facility, further strengthening its liquidity profile

The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market.

Mechelen, July 3rd, 2023 – Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces that its financing subsidiary Telenet International Finance S.à r.l. has extended the tenor of €480.0 million of its current revolving credit facility by three years from May 31, 2026 to May 31, 2029 and increased the total amount of this extended tranche by €90.0 million (the “Amended RCF Tranche”) with a pool of 18 leading domestic and international banks. As such, Telenet succeeded in extending and upsizing its revolving credit facilities, further strengthening its liquidity profile and the total amount of its revolving credit facility commitments are €600.0 million. In addition, Telenet continues to have access to €45.0 million of additional liquidity under separate agreements with certain lenders, bringing the total liquidity buffer to over €1.6 billion, including €1.0 billion of cash and cash equivalents the Company held on March 31, 2023. As such, Telenet has ample liquidity headroom to invest in, amongst others, the data network of the future with Fluvius through Telenet’s 66.8%-owned subsidiary Wyre (formerly referred to as NetCo) which will help support the Group’s growth and development.

 

Other than the extended tenor, the Amended RCF Tranche has the same characteristics as its current RCF : (i) a margin of 2.25% over EURIBOR (floored at 0%) and (ii) a commitment fee of 40% of the margin. The Amended RCF Tranche can be used for general corporate purposes, which may include acquisitions, distributions to shareholders and general working capital requirements of the Company.

Telenet’s Amended RCF Tranche is provided by Bank of America, Belfius, BNP Paribas, Crédit Agricole, Crédit Industriel et Commercial, Deutsche Bank, Goldman Sachs, ING, JP Morgan, KBC, Mitsubishi UFJ Financial Group, Morgan Stanley, NatWest, Rabobank, Royal Bank of Canada, the Bank of Nova Scotia, SMBC and Société Générale.

 

Full press release

PDF 518 KB
Download

 

 

Share

Latest stories

Website preview
Telenet expands its entertainment offering with HBO Max
Mechelen, 28 September 2026 – Starting today, customers can subscribe to HBO Max directly through Telenet and pay for their subscription via their trusted Telenet bill. This makes Telenet the first telecom operator in Belgium to integrate the popular streaming service into its billing platform. Customers can choose from three subscription plans and manage their subscription easily through MyTelenet.
press.telenet.be
Website preview
Newly established Ziggo Group appoints experienced leadership team
Denver, Colorado; Amsterdam, NL, September 15, 2026
press.telenet.be
Website preview
Play Sports presents Belgium’s most comprehensive sports offering
Play Sports is kicking off the new sporting season with the most extensive offering in its history, combined with a sports viewing experience of the same high standard. Telenet has not only brought together a series of rights agreements to make almost every major sports competition available in one place this season, but also spread them across three clearly defined packages. In addition, Play Sports is investing in its own editorial programming by launching two new weekend formats, while Telenet is offering all its TV customers a free livestream of the Belgian Super Cup on the DAZN Pro League 1 channel.
press.telenet.be

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About Telenet SA

As a provider of entertainment and telecommunication services in Belgium, Telenet group is always looking for the perfect experience in the digital world for its customers. Under the brand name Telenet, the company focuses on offering digital television, high-speed Internet and fixed and mobile telephony services to residential customers in Flanders and Brussels.

Under the brand name BASE, it supplies mobile telephony, internet and television in Belgium. The Telenet Business department serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. More than 3,000 employees have one aim in mind: making living and working easier and more pleasant.

Telenet group is part of Telenet Group Holding NV and is a 100% owned subsidiary of Liberty Global. Liberty Global is one of the world’s leading converged video, broadband and communications companies, innovating and empowering people in six countries across Europe to make the most of the digital revolution. For more information, we refer to www.telenet.be

The Telenet newsroom can be found at press.telenet.be

corporate.telenet.be

Liersesteenweg 4 2800 Mechelen BTW BE 0473.416.418 RPR Antwerpen, afd. Mechelen