Tele Columbus AG has successfully amended, extended and repriced its Term Loan, lowering its overall cost of debt significantly

Berlin, 21 March 2017. Tele Columbus AG, the third largest German cable operator, has successfully received consents to amend, extend and reprice its EUR 1.38 billion Senior Credit Facilities. The new terms will become effective on or around 18 April 2017.

Tele Columbus AG has successfully amended its EUR 1.255 billion existing term loan, reducing the margin from E+400bps to E+325bps, and extending the maturity from January 2023 to October 2024, resulting in overall interest savings of approximately 20% per annum. The Company was also able to amend certain provisions of the whole credit facilities (including RCF and Capex Facilities) which will give the Company significant enhanced operational flexibility going forward.

“The new structure of our credit facilities will lead to a significant increase of our cash flow securing additional scope for further investments as driver of the Company’s future development”, commented Frank Posnanski, CFO of the Tele Columbus Group.

Tele Columbus's current S&P and Moody's ratings B2 (stable) and B (stable) have been reaffirmed by the rating agencies.

Goldman Sachs has acted as sole Bookrunning Mandated Lead Arranger.


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 highspeed 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.

Disclaimer

This release may contain forward-looking statements. These statements reflect the Company’s current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forwardlooking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forwardlooking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

This release contains references to certain non-GAAP financial measures, such as Normalized EBITDA and Capex, and operating measures, such as RGUs, ARPU, and Unique Subscribers calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company’s financial condition, results of operations or cash flows as presented in accordance with IFRS. The non-GAAP financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies.

In addition, this release contains pro forma financials. Our pro forma financials have been prepared for illustrative purposes only. They are based on the assumption that the acquisitions of primacom and pepcom had occurred on 1 January 2015. Because of their nature, our pro forma financials address a hypothetical situation and, therefore, do not represent our actual results of operations. It is not necessarily indicative of the results that should be expected in the future and investors should not put undue reliance on these pro forma financials.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The Company does not undertake any obligation to update or revise any information contained in this release, including forward-looking statements, whether as a result of new information, future events or otherwise.

 

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 has successfully amended, extended and repriced its Term Loan, lowering its overall cost of debt significantly

Berlin, 21 March 2017. Tele Columbus AG, the third largest German cable operator, has successfully received consents to amend, extend and reprice its EUR 1.38 billion Senior Credit Facilities. The new terms will become effective on or around 18 April 2017.

Tele Columbus AG has successfully amended its EUR 1.255 billion existing term loan, reducing the margin from E+400bps to E+325bps, and extending the maturity from January 2023 to October 2024, resulting in overall interest savings of approximately 20% per annum. The Company was also able to amend certain provisions of the whole credit facilities (including RCF and Capex Facilities) which will give the Company significant enhanced operational flexibility going forward.

“The new structure of our credit facilities will lead to a significant increase of our cash flow securing additional scope for further investments as driver of the Company’s future development”, commented Frank Posnanski, CFO of the Tele Columbus Group.

Tele Columbus's current S&P and Moody's ratings B2 (stable) and B (stable) have been reaffirmed by the rating agencies.

Goldman Sachs has acted as sole Bookrunning Mandated Lead Arranger.


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 highspeed 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.

Disclaimer

This release may contain forward-looking statements. These statements reflect the Company’s current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forwardlooking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forwardlooking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

This release contains references to certain non-GAAP financial measures, such as Normalized EBITDA and Capex, and operating measures, such as RGUs, ARPU, and Unique Subscribers calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company’s financial condition, results of operations or cash flows as presented in accordance with IFRS. The non-GAAP financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies.

In addition, this release contains pro forma financials. Our pro forma financials have been prepared for illustrative purposes only. They are based on the assumption that the acquisitions of primacom and pepcom had occurred on 1 January 2015. Because of their nature, our pro forma financials address a hypothetical situation and, therefore, do not represent our actual results of operations. It is not necessarily indicative of the results that should be expected in the future and investors should not put undue reliance on these pro forma financials.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The Company does not undertake any obligation to update or revise any information contained in this release, including forward-looking statements, whether as a result of new information, future events or otherwise.

 

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 has successfully amended, extended and repriced its Term Loan, lowering its overall cost of debt significantly

Berlin, 21 March 2017. Tele Columbus AG, the third largest German cable operator, has successfully received consents to amend, extend and reprice its EUR 1.38 billion Senior Credit Facilities. The new terms will become effective on or around 18 April 2017.

Tele Columbus AG has successfully amended its EUR 1.255 billion existing term loan, reducing the margin from E+400bps to E+325bps, and extending the maturity from January 2023 to October 2024, resulting in overall interest savings of approximately 20% per annum. The Company was also able to amend certain provisions of the whole credit facilities (including RCF and Capex Facilities) which will give the Company significant enhanced operational flexibility going forward.

“The new structure of our credit facilities will lead to a significant increase of our cash flow securing additional scope for further investments as driver of the Company’s future development”, commented Frank Posnanski, CFO of the Tele Columbus Group.

Tele Columbus's current S&P and Moody's ratings B2 (stable) and B (stable) have been reaffirmed by the rating agencies.

Goldman Sachs has acted as sole Bookrunning Mandated Lead Arranger.


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 highspeed 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.

Disclaimer

This release may contain forward-looking statements. These statements reflect the Company’s current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forwardlooking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forwardlooking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

This release contains references to certain non-GAAP financial measures, such as Normalized EBITDA and Capex, and operating measures, such as RGUs, ARPU, and Unique Subscribers calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company’s financial condition, results of operations or cash flows as presented in accordance with IFRS. The non-GAAP financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies.

In addition, this release contains pro forma financials. Our pro forma financials have been prepared for illustrative purposes only. They are based on the assumption that the acquisitions of primacom and pepcom had occurred on 1 January 2015. Because of their nature, our pro forma financials address a hypothetical situation and, therefore, do not represent our actual results of operations. It is not necessarily indicative of the results that should be expected in the future and investors should not put undue reliance on these pro forma financials.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The Company does not undertake any obligation to update or revise any information contained in this release, including forward-looking statements, whether as a result of new information, future events or otherwise.

 

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 has successfully amended, extended and repriced its Term Loan, lowering its overall cost of debt significantly

Berlin, 21 March 2017. Tele Columbus AG, the third largest German cable operator, has successfully received consents to amend, extend and reprice its EUR 1.38 billion Senior Credit Facilities. The new terms will become effective on or around 18 April 2017.

Tele Columbus AG has successfully amended its EUR 1.255 billion existing term loan, reducing the margin from E+400bps to E+325bps, and extending the maturity from January 2023 to October 2024, resulting in overall interest savings of approximately 20% per annum. The Company was also able to amend certain provisions of the whole credit facilities (including RCF and Capex Facilities) which will give the Company significant enhanced operational flexibility going forward.

“The new structure of our credit facilities will lead to a significant increase of our cash flow securing additional scope for further investments as driver of the Company’s future development”, commented Frank Posnanski, CFO of the Tele Columbus Group.

Tele Columbus's current S&P and Moody's ratings B2 (stable) and B (stable) have been reaffirmed by the rating agencies.

Goldman Sachs has acted as sole Bookrunning Mandated Lead Arranger.


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 highspeed 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.

Disclaimer

This release may contain forward-looking statements. These statements reflect the Company’s current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forwardlooking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forwardlooking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

This release contains references to certain non-GAAP financial measures, such as Normalized EBITDA and Capex, and operating measures, such as RGUs, ARPU, and Unique Subscribers calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company’s financial condition, results of operations or cash flows as presented in accordance with IFRS. The non-GAAP financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies.

In addition, this release contains pro forma financials. Our pro forma financials have been prepared for illustrative purposes only. They are based on the assumption that the acquisitions of primacom and pepcom had occurred on 1 January 2015. Because of their nature, our pro forma financials address a hypothetical situation and, therefore, do not represent our actual results of operations. It is not necessarily indicative of the results that should be expected in the future and investors should not put undue reliance on these pro forma financials.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The Company does not undertake any obligation to update or revise any information contained in this release, including forward-looking statements, whether as a result of new information, future events or otherwise.

 

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 has successfully amended, extended and repriced its Term Loan, lowering its overall cost of debt significantly

Berlin, 21 March 2017. Tele Columbus AG, the third largest German cable operator, has successfully received consents to amend, extend and reprice its EUR 1.38 billion Senior Credit Facilities. The new terms will become effective on or around 18 April 2017.

Tele Columbus AG has successfully amended its EUR 1.255 billion existing term loan, reducing the margin from E+400bps to E+325bps, and extending the maturity from January 2023 to October 2024, resulting in overall interest savings of approximately 20% per annum. The Company was also able to amend certain provisions of the whole credit facilities (including RCF and Capex Facilities) which will give the Company significant enhanced operational flexibility going forward.

“The new structure of our credit facilities will lead to a significant increase of our cash flow securing additional scope for further investments as driver of the Company’s future development”, commented Frank Posnanski, CFO of the Tele Columbus Group.

Tele Columbus's current S&P and Moody's ratings B2 (stable) and B (stable) have been reaffirmed by the rating agencies.

Goldman Sachs has acted as sole Bookrunning Mandated Lead Arranger.


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 highspeed 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.

Disclaimer

This release may contain forward-looking statements. These statements reflect the Company’s current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forwardlooking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forwardlooking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

This release contains references to certain non-GAAP financial measures, such as Normalized EBITDA and Capex, and operating measures, such as RGUs, ARPU, and Unique Subscribers calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company’s financial condition, results of operations or cash flows as presented in accordance with IFRS. The non-GAAP financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies.

In addition, this release contains pro forma financials. Our pro forma financials have been prepared for illustrative purposes only. They are based on the assumption that the acquisitions of primacom and pepcom had occurred on 1 January 2015. Because of their nature, our pro forma financials address a hypothetical situation and, therefore, do not represent our actual results of operations. It is not necessarily indicative of the results that should be expected in the future and investors should not put undue reliance on these pro forma financials.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The Company does not undertake any obligation to update or revise any information contained in this release, including forward-looking statements, whether as a result of new information, future events or otherwise.

 

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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Tele Colum­bus AG

Kai­se­rin-Augusta-Allee 108,
10553 Ber­lin

Tel +49 (30) 3388 - 3330
Fax +49 (30) 3388 - 3330
Leonhard Bayer
Tel