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Provider: Reuters Investment Profile
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Ziggo NV raising 3.735 billion euro term loan B to back acquisition by LGI-Reuters


Sunday, 26 Jan 2014 07:00pm EST 

Ziggo NV:Mandates banks for a new 3.735 billion euro equivalent term loan B-Reuters.The new loan will be split into euro and dollar tranches, both maturing in Jan. 2022 and both with 0.75 percent Euribor and Libor floors.The debt will be used to refinance existing Ziggo debt as well as financing the acquisition of Ziggo by LGI.The loans will not be fully covenant-lite, but will have just two maintenance covenants.These are net senior leverage and a total financial leverage covenants.Global coordinators are Credit Suisse and Bank of America Merrill Lynch.Joint bookrunners and mandated lead arrangers are Credit Suisse, Bank of America Merrill Lynch, ABN Amro, Credit Agricole, Deutsche Bank, HSBC, ING, JP Morgan, Morgan Stanley Nomura, Rabobank, Scotiabank and Societe Generale. 

Company Quote

38.545
0.04 +0.10%
19 Dec 2014