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Broadband

Ziggo gets new EUR 800 mln facility, wants more

Monday 18 March 2013 | 09:26 CET | News
Ziggo has received commitments for a new EUR 800 million senior secured credit facility and that it has mandated Goldman Sachs and JP Morgan to set up a series of investor meetings in view of a potential additional refinancing, which may include a capital markets transaction. The new facility will consist of a EUR 400 million revolving credit facility and a EUR 400 million loan. Both will have a five-year maturity. Ziggo will use proceeds to partially refinance its existing senior secured credit facility. The cable provider said that there has been no material change in its trading or

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Categories: Fixed
Companies: ABN AMRO / BIT / Credit Suisse / Fortis / Morgan Stanley / Societe Generale / Ziggo
Countries: Netherlands
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