Tele Columbus AG plans to refinance, consolidate and extend the maturity (to 2 January 2023) of its €1.255 billion existing term loans and amend certain provisions of the facilities agreement. Notwithstanding the amendments to certain provisions of the facilities agreement, the maturity of the existing Capex and Revolving Credit facilities of a total €125 million will not be affected. Tele Columbus’s current S&P and Moody’s ratings are B2 (stable) and B (stable) respectively, and Tele Columbus will be working with both rating agencies to confirm existing ratings in the near term.
J.P. Morgan is acting as sole Arranger in relation to the amendment.
About Tele ColumbusThe 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.
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