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Broadband

TalkTalk offers GBP 300 mln in senior notes due 2022

Wednesday 11 January 2017 | 15:23 CET | News

TalkTalk Telecom Group has announced that it is offering GBP 300 million in senior notes due 2022 to repay certain existing facilities. This should strengthen the company's financial position by extending its debt maturity profile and diversifying its funding sources.

TalkTalk said it is consistent with its attempt to cut leverage to 2x net debt to EBITDA. There will be no public offering of the notes and they are being offered and sold in offshore transactions outside the US.



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