Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

 

Refinancing of the Tele Columbus Second Lien Term Loan

Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

Berlin, 18 June 2016. Tele Columbus AG, the third largest German cable operator, has successfully allocated a January 2021 EUR 125 million First Lien Term Loan B add-on. The First Lien Term Loan B add-on will be used to refinance the existing EUR 117 million Second Lien Term Loan and cover associated transaction costs.

Tele Columbus AG successfully allocated a new EUR 125 million First Lien Term Loan B add-on. In parallel, the company secured a successful amendment to the existing EUR 1.25 billion of senior credit facilities to permit the First Lien Term Loan B add-on as well as additional technical refinements, including a re-profiling of the covenants to match the new senior de-leveraging profile. Tele Columbus will benefit from significant interest cost savings following as a result of the transaction. And Tele Columbus has re-affirmed S&P and Moody’s ratings of B2 (stable) and B (stable) respectively.

J.P. Morgan has acted as sole arranger on the EUR 125 million Term Loan B add-on and amendment to EUR 1.25 billion of credit facilities.



About Tele Columbus

The SDAX listed Tele Columbus Group is one of Germany‘s largest cable network operators. Via its origins – individual regional cable network operators that were merged into Tele Columbus – the company dates back to 1972. Today, about 3.6 million connected households in Germany are served by Tele Columbus, primacom, pepcom, Deutsche Telekabel, Martens und KMS with TV signals and, increasingly, digital broadcast packages, Internet and voice connections provided via high-performance broadband cable. As a national provider with a regional focus and a partner of the housing industry, the Group is present throughout its core markets Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key regions in western Germany. In tune with current demand trends, the company is upgrading its networks in a hybrid fibre-optic infrastructure for superfast Internet connections of up to several hundred megabits per second with the state-of-the-art Internet transmission standard DOCSIS 3.0. The broadband cable caters to the entire range of innovative media applications from analogous, digital and high-definition TV to high-speed Internet and voice connections to telemetry services, tenant portals and interactive services. Beyond merely transmitting signals, Tele Columbus uses its own product platform in order to actively increase the programme offering and to develop additional services. Via its company HL komm, Tele Columbus also delivers powerful connections and network services to business customers.

 

Tele Columbus Group
Tele Columbus AG
Registered Office
Goslarer Ufer 39
10589 Berlin
District court
Berlin Charlottenburg
HRB 161349 B

Executive Board
Ronny Verhelst (Chairman)
Frank Posnanski


Chairman of the Supervisory Board
Frank Donck

 

IR Contact
Elmar Baur
Phone +49 (30) 3388 1781
Elmar.Baur@telecolumbus.de
www.telecolumbus.com

 

 

Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

 

Refinancing of the Tele Columbus Second Lien Term Loan

Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

Berlin, 18 June 2016. Tele Columbus AG, the third largest German cable operator, has successfully allocated a January 2021 EUR 125 million First Lien Term Loan B add-on. The First Lien Term Loan B add-on will be used to refinance the existing EUR 117 million Second Lien Term Loan and cover associated transaction costs.

Tele Columbus AG successfully allocated a new EUR 125 million First Lien Term Loan B add-on. In parallel, the company secured a successful amendment to the existing EUR 1.25 billion of senior credit facilities to permit the First Lien Term Loan B add-on as well as additional technical refinements, including a re-profiling of the covenants to match the new senior de-leveraging profile. Tele Columbus will benefit from significant interest cost savings following as a result of the transaction. And Tele Columbus has re-affirmed S&P and Moody’s ratings of B2 (stable) and B (stable) respectively.

J.P. Morgan has acted as sole arranger on the EUR 125 million Term Loan B add-on and amendment to EUR 1.25 billion of credit facilities.



About Tele Columbus

The SDAX listed Tele Columbus Group is one of Germany‘s largest cable network operators. Via its origins – individual regional cable network operators that were merged into Tele Columbus – the company dates back to 1972. Today, about 3.6 million connected households in Germany are served by Tele Columbus, primacom, pepcom, Deutsche Telekabel, Martens und KMS with TV signals and, increasingly, digital broadcast packages, Internet and voice connections provided via high-performance broadband cable. As a national provider with a regional focus and a partner of the housing industry, the Group is present throughout its core markets Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key regions in western Germany. In tune with current demand trends, the company is upgrading its networks in a hybrid fibre-optic infrastructure for superfast Internet connections of up to several hundred megabits per second with the state-of-the-art Internet transmission standard DOCSIS 3.0. The broadband cable caters to the entire range of innovative media applications from analogous, digital and high-definition TV to high-speed Internet and voice connections to telemetry services, tenant portals and interactive services. Beyond merely transmitting signals, Tele Columbus uses its own product platform in order to actively increase the programme offering and to develop additional services. Via its company HL komm, Tele Columbus also delivers powerful connections and network services to business customers.

 

Tele Columbus Group
Tele Columbus AG
Registered Office
Goslarer Ufer 39
10589 Berlin
District court
Berlin Charlottenburg
HRB 161349 B

Executive Board
Ronny Verhelst (Chairman)
Frank Posnanski


Chairman of the Supervisory Board
Frank Donck

 

IR Contact
Elmar Baur
Phone +49 (30) 3388 1781
Elmar.Baur@telecolumbus.de
www.telecolumbus.com

 

 

Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

 

Refinancing of the Tele Columbus Second Lien Term Loan

Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

Berlin, 18 June 2016. Tele Columbus AG, the third largest German cable operator, has successfully allocated a January 2021 EUR 125 million First Lien Term Loan B add-on. The First Lien Term Loan B add-on will be used to refinance the existing EUR 117 million Second Lien Term Loan and cover associated transaction costs.

Tele Columbus AG successfully allocated a new EUR 125 million First Lien Term Loan B add-on. In parallel, the company secured a successful amendment to the existing EUR 1.25 billion of senior credit facilities to permit the First Lien Term Loan B add-on as well as additional technical refinements, including a re-profiling of the covenants to match the new senior de-leveraging profile. Tele Columbus will benefit from significant interest cost savings following as a result of the transaction. And Tele Columbus has re-affirmed S&P and Moody’s ratings of B2 (stable) and B (stable) respectively.

J.P. Morgan has acted as sole arranger on the EUR 125 million Term Loan B add-on and amendment to EUR 1.25 billion of credit facilities.



About Tele Columbus

The SDAX listed Tele Columbus Group is one of Germany‘s largest cable network operators. Via its origins – individual regional cable network operators that were merged into Tele Columbus – the company dates back to 1972. Today, about 3.6 million connected households in Germany are served by Tele Columbus, primacom, pepcom, Deutsche Telekabel, Martens und KMS with TV signals and, increasingly, digital broadcast packages, Internet and voice connections provided via high-performance broadband cable. As a national provider with a regional focus and a partner of the housing industry, the Group is present throughout its core markets Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key regions in western Germany. In tune with current demand trends, the company is upgrading its networks in a hybrid fibre-optic infrastructure for superfast Internet connections of up to several hundred megabits per second with the state-of-the-art Internet transmission standard DOCSIS 3.0. The broadband cable caters to the entire range of innovative media applications from analogous, digital and high-definition TV to high-speed Internet and voice connections to telemetry services, tenant portals and interactive services. Beyond merely transmitting signals, Tele Columbus uses its own product platform in order to actively increase the programme offering and to develop additional services. Via its company HL komm, Tele Columbus also delivers powerful connections and network services to business customers.

 

Tele Columbus Group
Tele Columbus AG
Registered Office
Goslarer Ufer 39
10589 Berlin
District court
Berlin Charlottenburg
HRB 161349 B

Executive Board
Ronny Verhelst (Chairman)
Frank Posnanski


Chairman of the Supervisory Board
Frank Donck

 

IR Contact
Elmar Baur
Phone +49 (30) 3388 1781
Elmar.Baur@telecolumbus.de
www.telecolumbus.com

 

 

Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

 

Refinancing of the Tele Columbus Second Lien Term Loan

Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

Berlin, 18 June 2016. Tele Columbus AG, the third largest German cable operator, has successfully allocated a January 2021 EUR 125 million First Lien Term Loan B add-on. The First Lien Term Loan B add-on will be used to refinance the existing EUR 117 million Second Lien Term Loan and cover associated transaction costs.

Tele Columbus AG successfully allocated a new EUR 125 million First Lien Term Loan B add-on. In parallel, the company secured a successful amendment to the existing EUR 1.25 billion of senior credit facilities to permit the First Lien Term Loan B add-on as well as additional technical refinements, including a re-profiling of the covenants to match the new senior de-leveraging profile. Tele Columbus will benefit from significant interest cost savings following as a result of the transaction. And Tele Columbus has re-affirmed S&P and Moody’s ratings of B2 (stable) and B (stable) respectively.

J.P. Morgan has acted as sole arranger on the EUR 125 million Term Loan B add-on and amendment to EUR 1.25 billion of credit facilities.



About Tele Columbus

The SDAX listed Tele Columbus Group is one of Germany‘s largest cable network operators. Via its origins – individual regional cable network operators that were merged into Tele Columbus – the company dates back to 1972. Today, about 3.6 million connected households in Germany are served by Tele Columbus, primacom, pepcom, Deutsche Telekabel, Martens und KMS with TV signals and, increasingly, digital broadcast packages, Internet and voice connections provided via high-performance broadband cable. As a national provider with a regional focus and a partner of the housing industry, the Group is present throughout its core markets Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key regions in western Germany. In tune with current demand trends, the company is upgrading its networks in a hybrid fibre-optic infrastructure for superfast Internet connections of up to several hundred megabits per second with the state-of-the-art Internet transmission standard DOCSIS 3.0. The broadband cable caters to the entire range of innovative media applications from analogous, digital and high-definition TV to high-speed Internet and voice connections to telemetry services, tenant portals and interactive services. Beyond merely transmitting signals, Tele Columbus uses its own product platform in order to actively increase the programme offering and to develop additional services. Via its company HL komm, Tele Columbus also delivers powerful connections and network services to business customers.

 

Tele Columbus Group
Tele Columbus AG
Registered Office
Goslarer Ufer 39
10589 Berlin
District court
Berlin Charlottenburg
HRB 161349 B

Executive Board
Ronny Verhelst (Chairman)
Frank Posnanski


Chairman of the Supervisory Board
Frank Donck

 

IR Contact
Elmar Baur
Phone +49 (30) 3388 1781
Elmar.Baur@telecolumbus.de
www.telecolumbus.com

 

 

Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

 

Refinancing of the Tele Columbus Second Lien Term Loan

Tele Columbus AG allocates a EUR 125 million new First Lien Term Loan B add-on and has successfully amended its senior credit facilities on 17 June 2016

Berlin, 18 June 2016. Tele Columbus AG, the third largest German cable operator, has successfully allocated a January 2021 EUR 125 million First Lien Term Loan B add-on. The First Lien Term Loan B add-on will be used to refinance the existing EUR 117 million Second Lien Term Loan and cover associated transaction costs.

Tele Columbus AG successfully allocated a new EUR 125 million First Lien Term Loan B add-on. In parallel, the company secured a successful amendment to the existing EUR 1.25 billion of senior credit facilities to permit the First Lien Term Loan B add-on as well as additional technical refinements, including a re-profiling of the covenants to match the new senior de-leveraging profile. Tele Columbus will benefit from significant interest cost savings following as a result of the transaction. And Tele Columbus has re-affirmed S&P and Moody’s ratings of B2 (stable) and B (stable) respectively.

J.P. Morgan has acted as sole arranger on the EUR 125 million Term Loan B add-on and amendment to EUR 1.25 billion of credit facilities.



About Tele Columbus

The SDAX listed Tele Columbus Group is one of Germany‘s largest cable network operators. Via its origins – individual regional cable network operators that were merged into Tele Columbus – the company dates back to 1972. Today, about 3.6 million connected households in Germany are served by Tele Columbus, primacom, pepcom, Deutsche Telekabel, Martens und KMS with TV signals and, increasingly, digital broadcast packages, Internet and voice connections provided via high-performance broadband cable. As a national provider with a regional focus and a partner of the housing industry, the Group is present throughout its core markets Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key regions in western Germany. In tune with current demand trends, the company is upgrading its networks in a hybrid fibre-optic infrastructure for superfast Internet connections of up to several hundred megabits per second with the state-of-the-art Internet transmission standard DOCSIS 3.0. The broadband cable caters to the entire range of innovative media applications from analogous, digital and high-definition TV to high-speed Internet and voice connections to telemetry services, tenant portals and interactive services. Beyond merely transmitting signals, Tele Columbus uses its own product platform in order to actively increase the programme offering and to develop additional services. Via its company HL komm, Tele Columbus also delivers powerful connections and network services to business customers.

 

Tele Columbus Group
Tele Columbus AG
Registered Office
Goslarer Ufer 39
10589 Berlin
District court
Berlin Charlottenburg
HRB 161349 B

Executive Board
Ronny Verhelst (Chairman)
Frank Posnanski


Chairman of the Supervisory Board
Frank Donck

 

IR Contact
Elmar Baur
Phone +49 (30) 3388 1781
Elmar.Baur@telecolumbus.de
www.telecolumbus.com

 

 

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Fax +49 (30) 3388 - 3330
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