Telenet allocates repriced, extended or non-extended loans term loan G

By Sara Rosenberg

New York, June 15 - Telenet International Finance Sarl said in a news release that it successfully allocated its voluntary exchange process for term loan G debt.

Under the transaction, term loan G investors were given the option to exchange their commitments for new term loans either with an unchanged maturity of July 31, 2017 or with an extended maturity of July 31, 2019.

The non-extended and extended term loans were repriced in line with current market conditions.

Upon closing, the company will use proceeds from a recent €400 million senior secured floating-rate notes offering to redeem the remaining part of the term loan G and term loan J.

Telenet is a provider of cable television, high-speed internet access and mobile telephony services in Belgium.

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