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General

Telenet places new USD 850 mln term loan

Wednesday 11 May 2016 | 08:56 CET | News
Belgian cable operator Telenet has successfully priced and placed a new 8-year USD 850 million term loan due June 2024. The new loan carries a margin of 3.50 percent over Libor with a 75 basis points floor over Libor and was issued at 99.5 percent. The operator intends the net proceeds from the transaction to prepay a number of credit facilities, including Facility O and Facility P.

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Categories: General
Companies: Telenet
Countries: Belgium
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