Kabel Deutschland slashes financing costs by up to 100bp with new TLH

Kabel Deutschland is marketing a new seven year term loan ‘H’ to repay two of its existing debt facilities. The new line, which will be at least €600m, will allow the firm to cut the cost of its financing by up to 100bp.

  • 05 Apr 2013
The new term loan has a margin of 300bp over Euribor, with 101 soft call protection for six months and a maturity of March 2020. Commitments are due by April 12. "It is early days, but the initial response from the market has been very positive," said a ...

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