Media centre

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG

Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

Ziggo
27 April 2011

Positive outcome for Ziggo: Amendment of senior credit facilities approved

Following its announcement on April 7th 2011, Ziggo today announces the positive outcome of its consent request to amend certain terms of its existing senior credit facilities:


• Comfortably in excess of two-thirds majority achieved to effect proposed documentation changes
• 89% of term loan B lenders extended the maturity of their commitments by 2.5 years
• A new €460 million term loan F ("TLF") tranche was successfully subscribed, which fully refinances both the term loan C tranche and the existing second lien term loan D tranche. The new TLF tranche has been priced at E+3.25% with maturity in Sep-17


Morgan Stanley and ING led the amend and consent process on behalf of Ziggo.

 

Ziggo is a Dutch provider of entertainment, information and communication through television, broadband internet and telephony services. The company serves around 3.1 million households, with 1.6 million broadband internet customers, more than 1.9 million customers for digital television and 1.2 million telephony subscribers. Business to business customers use services such as data communication, telephony, television and internet. The company owns a next-generation network capable of providing the bandwidth required for all future services currently foreseen. More information on Ziggo can be found on: www.ziggo.com

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Vanessa Maydon
Corporate Affairs Director
Tel : +44 (0)20 7661 3325
Mob : +44 (0)7802 961 902
Email : Vanessa Maydon

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