Unternehmensprofil

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.