Primacom to refinance debt

German number four cable operator Primacom has agreed €355 million in financing to replace its existing debts, which it says will underpin its growth plans until 2022.

In addition to the €355 million in new facilities, comprising a €270 million tranche bearing interest at 4.75% and a second tranche of €85 million bearing interest at 7%, the company has agreed a new €10 million revolving credit facility for general corporate purposes.