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Broadband

Ziggo to raise over EUR 3 billion in new debt

Thursday 15 September 2016 | 11:11 CET | News
Dutch cable operator Ziggo announced plans to raise over EUR 3 billion in debt for refinancing. The company plans two issues, of EUR 2.575 billion in senior notes due 2027 and USD 625 million in senior notes due 2027. Part of the proceeds will go to refinancing existing debt and part will be held in escrow pending completion of the 50-50 joint venture with Vodafone Netherlands. After release of the escrow funds, they may be used to fund a dividend, refinance debt or for general corporate purposes. The coupon and other details of the debt issue will be determined later after pricing.

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Categories: Fixed
Companies: VodafoneZiggo / Ziggo
Countries: Netherlands
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