By Sarah Lizee
Olympia, Wash., Feb. 13 – TalkTalk Telecom Group plc priced £575 million 3 7/8% senior notes due 2025 (//BB-), according to an announcement.
After being oversubscribed by multiple times, the deal was upsized from its previously announced £500 million principal amount, the company said.
Proceeds will be used to redeem the company’s £400 million senior notes due 2022 and repay amounts drawn under its revolving credit facility.
The company is a London-based provider of pay television, telecommunications, internet and mobile network services.
| Issuer: | TalkTalk Telecom Group plc
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| Issue: | Senior notes
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| Amount: | £575 million
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| Maturity: | 2025
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| Coupon: | 3 7/8%
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| Pricing date: | Feb. 13
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| Settlement date: | Feb. 20
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| Rating: | Fitch BB-
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