Unitymedia reports exchange offer results for four notes series

By Jennifer Chiou

New York, May 2 - Unitymedia companies announced the results in the exchange offers for several series of notes that ended at 11:59 p.m. ET on April 30.

Unitymedia Hessen GmbH & Co. KG and Unitymedia NRW GmbH offered to issue new notes with similar terms in exchange for the following:

• Any and all of the €800 million of 7½% senior notes due 2019 of Kabel BK GmbH;

• Any and all of Kabel's $500 million of 7½% senior notes due 2019; and

• Any and all of Kabel's €420 million of senior secured floating-rate notes due 2018.

Unitymedia GmbH offered to issue new notes with similar terms in exchange for any and all of the €680 million of 9½% senior notes due 2021 of UPC Germany HoldCo 1 GmbH.

The offers began on April 3.

The German cable firm received the following tenders for exchange: €735,096,000 of the 7½% senior notes due 2019; $459,328,000 of the 7½% notes with a 93% aggregate principal exchange amount; €395,867,000 of the floaters; and €617,972,000 of the 9½% notes with a 91% aggregate principal exchange amount.

According to a news release, the issuers have accepted for exchange all tendered notes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.