Telenet increases revolver for two parts totaling €600 million

By Wendy Van Sickle

Columbus, Ohio, July 6 – Telenet BV entered into an amendment and restatement of the credit agreement most recently amended and restated on April 6, 2020 with Bank of Nova Scotia as facility agent on June 30, according to an 8-K filing with the Securities and Exchange Commission.

The amended and restated credit agreement increases the total revolving commitments by €90 million and bifurcates the revolver into a €30 million revolving facility A with a final maturity date of May 31, 2026 and a €570 million revolving facility B with a final maturity date of May 31, 2029.

The amended and restated credit agreement also brings about term SOFR as the interest rate basis for dollar-denominated loans and Sonia for sterling-denominated loans to replace Libor.

Telenet is an indirect wholly owned subsidiary of Liberty Global plc, a telecommunications company based in London.

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