Telenet talks €300 million 10-year notes at Euribor plus 400 bps rate

By Paul A. Harris

Portland, Ore., June 7 - Telenet Finance IV Luxembourg talked its €300 million offering of 10-year senior secured floating-rate notes with an interest rate in the Euribor plus 400 basis points area on Tuesday, according to market sources.

The order books are set to close at 4 a.m. ET on Wednesday.

JPMorgan and Credit Suisse are the managers.

Proceeds from the Rule 144A and Regulation S notes will be used to repay bank debt.

Telenet is a Mechelen, Belgium-based cable television operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.