VodafoneZiggo joins telco refi party with €3.1bn issue

VodafoneZiggo
By Karoliina Liimatainen
16 Oct 2019

VodafoneZiggo, the Dutch telecoms joint venture evenly split between Liberty Global and Vodafone, is raising €3.1bn in fresh capital. It joins industry peers such as Salt, Wind Hellas and Altice France who have rushed to the market this autumn to take advantage of favourable conditions.

Ziggo is issuing a €3.1bn financing package, consisting of €2.25bn as a term loan 'B' and two tranches of senior secured notes worth €865m. 

The TLB matures in January 2029 and was priced at 300bp over Euribor, with a 0% Euribor floor and 99.75 OID.

The bond, ...

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