Capital/Financing Update • Feb 8, 2012
Capital/Financing Update
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Mechelen, February 8, 2012– Telenet Group Holding NV ("Telenet" or the "Company") announces a new issuance of €175 million debt, on a consolidated basis. To this end, Telenet International Finance S.à r.l., a wholly owned subsidiary of Telenet Group Holding NV and which acts as the group's financing subsidiary, will issue a new floating rate Term Loan ("Facility T") under its existing credit facility with maturity December 31, 2018 at a 3.50% margin over Euribor. BNP Paribas acts as sole bookrunner of this transaction.
Telenet intends to use the net proceeds from this new debt issuance for general corporate purposes of the Telenet Group, which may include distributions to Telenet's direct and indirect shareholders or acquisitions.
As of September 30, 2011, Telenet carried a Net Total Debt ratio of 3.3x EBITDA and its debt tenor reached 8.2 years. Telenet's debt is rated Ba3 (Moody's) and BB+ (Fitch).
An Investor & Analyst Conference Call on the transaction will be hosted on Friday, February 10, 2012 at 10:00 a.m. CET. The details of the conference call are as follows:
Speakers:
Dial‐in numbers and ID:
The supporting presentation will be made available on Telenet's investor relations website (http://investors.telenet.be) shortly prior to the start of the conference call.
For further inquiries, please contact the BNP Paribas Leveraged Loan Sales Team through one of the numbers below:
Myriam Frileux‐Gaussier Head of Leveraged Loan Sales Phone: +33 1 42986957 / +44 20 7595 0224 E‐mail: [email protected]
Paul O'Donoghue Phone: +44 20 7595 3753 E‐mail: [email protected] Karen Blake Phone: +44 20 7595 4042 E‐mail: [email protected]
Mike Paget Phone: +44 20 7595 4752 E‐mail: [email protected] Elisabeth Tolner Phone: +33 1 42981816 / +44 207 595 2220 E‐mail: [email protected]
Tony Chan Phone: +44 20 7595 4709 E‐mail: [email protected]
Investor Relations &
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Corporate Communication: Vincent Bruyneel – [email protected] – Phone: +32 15 335 696 Investor Relations: Rob Goyens – [email protected] – Phone: +32 15 333 054 Press & Media Relations: Stefan Coenjaerts – [email protected] – Phone: +32 15 335 006
About Telenet – Telenet is a leading provider of media and telecommunication services. Its business comprises the provision of cable television, high speed internet and fixed and mobile telephony services, primarily to residential customers in Flanders and Brussels. In addition, Telenet offers services to business customers across Belgium under the brand Telenet Solutions. Telenet is listed on the Euronext Brussels Stock Exchange under the ticker symbol TNET and is part of the BEL20 stock market index.
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