Dutch cable operator Ziggo has received loan commitments from a number of banks to raise €800m, which it said it would use to partially refinance its existing debt.
The new credit facility will be provided by ABN Amro Bank, BNP Paribas Fortis, Cooperative Centrale Raiffeisen Boerenleenbank, Credit Suisse, Goldman Sachs, ING-DiBa, JP Morgan, Morgan Stanley, and Société Générale.
The cash will consist of a €400 million revolving credit facility and a €400 million Term Loan A, both of which will mature in five years. Ziggo said that it had also given Goldman Sachs and JP Morgan authority to set up a series of investor meetings for potential additional refinancing, which could include a capital markets transaction.
The news comes just days after Ziggo said it was buying local voice and data specialist Esprit Telecom from the Detron ICT & Telecom Group. Ziggo today reiterated its 2013 guidance in which it estimated that EBITDA for the year will increase in the range of 2.5-3.5%.
Amazon accused of purposely confusing wantaway Prime subscribers digitaltveurope.com/2021/01/18/ama… https://t.co/Vr9cIEloYH
18 January 2021 @ 16:00:00 UTC
MultiChoice denies creating barriers as watchdog probes pay TV dominance digitaltveurope.com/2021/01/18/mul… https://t.co/Go8a1BnqGs
18 January 2021 @ 15:30:00 UTC
Closing tomorrow: Share your views in our Digital TV Europe Industry Survey 2021
digitaltveurope.com/intelligence/d… https://t.co/sr6qW8OaKP
18 January 2021 @ 14:51:45 UTC
.@OmdiaHQ: SVODs must brace for slower 2021 digitaltveurope.com/2021/01/18/omd… https://t.co/aXIJCvGZRX
18 January 2021 @ 14:33:03 UTC
Apple TV+ free trial gets second extension digitaltveurope.com/2021/01/18/app… https://t.co/dBDkLuNCmu
18 January 2021 @ 14:03:25 UTC