Talktalk Telecom Group PLC (TALK.L)
24 Feb 2017
Mon, Jan 16 2017
(The following statement was released by the rating agency) LONDON, January 16 (Fitch) Fitch Ratings has assigned TalkTalk Telecom Group PLC's (TalkTalk) new GBP400m senior unsecured notes due 2022 a final debt instrument rating of 'BB-'/Recovery Rating 'RR4'. Proceeds from the issue were principally used to repay borrowings under the revolving credit facility and a term loan. The terms of the issued notes are materially in line with Fitch's assumptions as detailed in the agency's rating ac
* Has priced its offering of 400 million stg senior notes due 2022 with a coupon of 5.375 pct
* Proceeds of offering will be used to repay certain existing facilities and to pay fees and expenses incurred in connection with offering
LONDON A 17-year-old who admitted illegally hacking communications company Talk Talk last year was sentenced to a 12-month rehabilitation order on Tuesday.
A cyber attack on Britain's Talktalk Telecom Group PLC broadband affected "a small number of customer routers" on Thursday, the company said in a statement.
* Has cooperated fully with ICO at all times; this is clearly a disappointing decision