Pressemitteilung vom 31.10.2015
Tele Columbus erhält nach der Finanzierung der pepcom Übernahme von Standard & Poor’s ein neues Rating Berlin, 31 October 2015. The Tele Columbus Group, the third largest cable network operator in Germany, yesterday received the new rating from Standard & Poor’s (‘S&P’) following the financing of the pepcom acquisition announced in September 2015. Tele Columbus has currently the syndication of an incremental January 2021 EUR 320 million First Lien Term Loan B, a July 2022 EUR 117 million Second Lien Term Loan and a capital increase of approximately EUR 382.7 million outstanding. Approximately EUR 22 million of the capital increase shall be used to partially repay the Second Lien Term Loan. Based on the final capital structure, Standard & Poor’s has as expected reduced the Corporate Family Rating of Tele Columbus Group from the current ‘B+’ rating with negative outlook to a new ‘B’ rating with stable outlook following the pepcom acquisition. About Tele Columbus Disclaimer This announcement may include statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will' or 'should' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made. None of the Company, Goldman Sachs International ('Goldman Sachs'), J.P. Morgan Securities plc ('J.P. Morgan') and BNP Paribas (together with Goldman Sachs and J.P. Morgan the 'Underwriters') or their respective affiliates assumes, and expressly disclaims, any obligations or undertaking to update, review or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. None of the Underwriters or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or, with limited exception, other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Goldman Sachs which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting for the Company and no one else in connection with the rights offering and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goldman Sachs, or for giving advice in connection with the rights offering or any matter referred to herein. Elmar Baur |
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