Moody's rates Unitymedia notes Ba3

Moody's Investors Service said it assigned a provisional Ba3 rating to the $845 million and to euro-denominated senior secured notes being issued by Unitymedia Hessen GmbH & Co. KG and Unitymedia NRW GmbH, subsidiaries of Unitymedia KabelBW GmbH.

The amount of euro-denominated notes is yet to be finalized.

Proceeds of the issuance will be used to re-finance the existing $845 million and part of the €1430 million of 2017 senior secured notes at Unitymedia Hessen and Unitymedia NRW.

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