Kabel Deutschland takes maximum cut from term loan ‘F’ margin

Germany’s largest cable operator, Kabel Deutschland, has successfully repriced its $750m term loan ‘F’, slashing the margin from 325bp to 275bp, the biggest cut it had been hoping for. The Libor floor has also been reduced from 100bp to 75bp.

  • 31 Jan 2013

The repriced loan will be issued as a new tranche (term loan 'F’) under the firm’s existing credit facilities. Its February 2019 maturity date is unchanged.

Goldman Sachs led the repricing exercise as bookrunning mandated lead arranger. The loan will be settled on February 6.

The original term ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
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