Belgian cable operator Telenet is considering a further extension of the maturity of its existing senior credit facility.
Following the voluntary debt exchange and extension process, and the issuance of additional debt under the senior credit facility, in 2010 and early 2011, Telenet plans to focus on a transaction involving the repayment or repricing and extension of its existing Term Loans G and J.
Telenet said the main focus will be on a further extension of the average maturity profile of Telenet’s existing debt, resulting in a further improvement of the stability of Telenet’s debt capitalization by providing additional cash flow flexibility at very attractive market conditionsÂ.
AsÂ ofÂ MarchÂ 31,Â 2011,Â TelenetÂ carriedÂ aÂ netÂ totalÂ debtÂ ratioÂ ofÂ 2.8 timesÂ EBITDA.
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19 January 2022 @ 18:34:00 UTC