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General

Telenet refinances debt with new term loan

Tuesday 16 May 2017 | 10:34 CET | News
Belgian operator Telenet announced that it's agreed a new USD 500 million term loan. The AI2 facility has the same terms as the AI loan agreed in April. The new loan carries an interest rate of 2.75 percent over Libor, a floor of 0 percent and due date of 30 June 2025. It was issued at par. The proceeds will be used to pay off the 2015 senior credit facility issued by its Luxembourg subsidiary and early payment of senior notes due in August 2022. Telenet said the new financing extends the average maturity of its debt to 8.6 years from 8.3 at attractive market terms. After paying off the

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Categories: General
Companies: Telenet
Countries: Belgium
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