Telenet launches $301 million add-on to term loan B due 2026 at 99.75

New York, Feb. 26 – Telenet launched a $301 million fungible add-on to its term loan B due March 2026 with a lender call on Monday, according to a market source.

The loan, designated term loan AL2, has a coupon of Libor plus 250 basis points with a 0% Libor floor, and the add-on is talked at an original issue discount of 99.75.

Proceeds will be used to refinance the company’s senior secured notes due 2024.

Goldman Sachs, BNP Paribas, Scotia and Societe Generale are lead arrangers with Goldman on the left.

Commitments are due by 12 p.m. ET on March 1.

Telenet is a Mechelen, Belgium-based provider of cable broadband services.

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