Pressemitteilung vom 20.10.2015
Tele Columbus startet die Syndizierung eines vorrangigen Bankdarlehens über Euro 320 Mio. und eines nachrangigen Darlehens über Euro 117 Mio. Berlin, 20 October 2015. Tele Columbus AG, the third largest German cable operator, has announced the launch of the syndication for a January 2021 EUR 320 million First Lien Term Loan B and a July 2022 EUR 117 million Second Lien Term Loan. The Term Loan B, together with a combination of cash on balance sheet and equity, will be used to support the acquisition of pepcom GmbH (“pepcom”) which was announced on 13 September 2015. The Second Lien Term Loan was used to support the acquisition of primacom in July 2015. The existing EUR 50 million Revolving Credit Facility and EUR 75 million Capex Facility will remain in place. Tele Columbus AG will offer a EUR 320 million First Lien Term Loan B at pricing of Euribor+450bps, no floor; and a EUR 117 million Second Lien Term Loan at pricing of Euribor+750bps, 1.00% floor. Tele Columbus’s current S&P and Moody’s ratings are B2 (stable) and B+ (negative) respectively and Tele Columbus will be working with both rating agencies to confirm rating levels in the near term. Tele Columbus AG will hold a lender meeting on 21 October 2015 in London, United Kingdom. J.P. Morgan, Goldman Sachs and BNP Paribas are acting as Global Coordinators and Bookrunning Mandated Lead Arrangers in relation to the financing of the EUR 320 million Term Loan B Facility and EUR 117 million Second Lien Term Loan Facility. About Tele Columbus The SDAX listed Tele Columbus Group is one of Germany‘s largest cable network operators. Via its origins - individual regional cable network operators that were merged into Tele Columbus - the company dates back to 1972. About 2.8 million connected households in Germany use Tele Columbus' TV signals and, increasingly, digital broadcast packages, Internet and voice connections provided via high-performance broadband cable. As a national provider with a regional focus and a partner of the housing industry, the Group is present throughout its core markets Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key regions in western Germany. In tune with current demand trends, the company is upgrading its networks in a hybrid fibre-optic infrastructure for superfast Internet connections of up to several hundred megabits per second with the state-of-the-art Internet transmission standard DOCSIS 3.0. The broadband cable caters to the entire range of innovative media applications from analogous, digital and high-definition TV to high-speed Internet and voice connections to telemetry services, tenant portals and interactive services. Beyond merely transmitting signals, Tele Columbus uses its own product platform in order to actively increase the programme offering and to develop additional services. |
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