Serbia BroadBand launches €475m all-bond LBO deal

Serbia BroadBand has launched the high yield bond to finance its takeover by KKR. The €475m of notes will be the only drawn debt in SBB/Telemach’s capital structure.

  • By Stefanie Linhardt
  • 04 Nov 2013

Private equity firm KKR agreed to buy the Serbian-Slovenian SBB/Telemach business from Mid Europa Partners for around €1bn in October. It will use the proceeds of the new senior secured bond, together with a €588m equity contribution, to finance the takeover and fees and expenses.

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