United preps bond financing package for Vivacom takeover

Phones 230x150
By Owen Sanderson
20 Jan 2020

Southern Eastern European telecoms group United Group, a BC Partners and KKR portfolio company, is preparing an all-bond financing package for its takeover of Bulgaria’s Vivacom, marketing new senior secured bonds and an add-on to its existing 2025 PIK notes.


The capital structure for the €1.2bn acquisition will include €1.05bn in senior secured notes and FRNs, due 2026 and a €170m PIK add-on. The group is also looking to refinance €575m of 4.375% 2022 notes as part of the same deal, printing new 2028 notes for the same amount.

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.