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Broadband

Tele Columbus completes senior credit facilities amendment

Monday 17 October 2016 | 09:22 CET | News
German cable network operator Tele Columbus has successfully concluded the repricing, consolidation and tenor extension of its EUR 1.255 billion term loan facilities and amended certain other provisions in its EUR1.38 billion facilities agreement. The operator expects the transaction to be effective and closed by the end of October of this year. The EUR 1.255 billion loan facilities also got a maturity extension to 2 January 2023. Tele Columbus will benefit from significant annual interest cost savings of approximately EUR 6.3 million per annum as a result of the transaction. S&P and Moody's

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Categories: Fixed
Companies: Tele Columbus
Countries: Germany
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