Telenet obtains additional $220 million AN3, €175 million AO3 loans

By Sarah Lizee

Olympia, Wash., Oct. 9 – Telenet Financing USD LLC and Telenet BVBA entered into a $220 million additional term loan AN3 facility on Oct. 3 under its existing credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

Bank of Nova Scotia is the facility agent.

The add-on term loan AN3 is being issued at par and will mature Aug. 15, 2026.

Interest is Libor plus 225 basis points, subject to a Libor floor of 0%.

Also on Oct. 3, Telenet International Finance Sarl and Telenet BVBA entered into a €175 million additional term loan AO3 facility.

The term loan AO3 is being issued at 100.25 and will mature on Dec. 15, 2027.

Interest is Euribor plus 250 bps with a 0% Euribor floor.

Proceeds from either additional term loan may be used for general corporate purposes and/or working capital purposes, including refinancing, redeeming or repaying existing debt.

Telenet is a Mechelen, Belgium-based cable operator.

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