KDG launches extension request on TLA, TLC
German cable firm Kabel Deutschland (KDG) has launched an extension request on its term loans ‘A1’, ‘A2’ and ‘C1’ as it aims to reduce its debt maturing before March 2014 to under €500m from €1.634bn. The company wants to target prepayments from its new $750m (€590m) term loan ‘F’ at those lenders in the €1.41bn term loans ‘A1’, ‘A2’ and ‘C1’ who do not wish to extend.
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