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General

Ziggo prices EUR 750 mln senior notes

Friday 22 March 2013 | 09:44 CET | News
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Dutch cable provider Ziggo said it has successful priced its EUR 750 million senior secured notes due 2020. As a result, the company's Term Loan A under its new credit facility will be reduced to EUR 150 million from 400 million and the revolving credit facility will consist of the earlier announced EUR 400 million. The net proceeds, in combination with the proceeds of the new credit facility, will be used to repay outstanding amounts under the company's existing Senior Credit Facility. This refinancing will lead to reduced financing costs as well as an extension of the debt maturity.

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Categories: General
Companies: Ziggo
Countries: Netherlands
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