Telenet extension consent process set to close

29 Jul 2009

Bankers working on the consent process to extend Belgian cable communications group Telenet’s buy-out loan maturities have reported a better-than-expected response from investors today.

“We have approvals coming in every few minutes,” said a banker on the deal on Thursday morning. “I think more will want to extend than originally thought, which is good, but we’ll see how it goes today.”

Telenet is closing the process to extend the bidco term loans, ...

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