Southeastern European cable and pay-TV operator United Group has reportedly upsized an existing bond by €150m (US$161.3m) to €625m (US$672.4m).
The new €150m issue carries a coupon of 7.875% and matures on 15 November 2020, according to Reuters…
Southeastern European cable and pay-TV operator United Group has reportedly upsized an existing bond by €150m (US$161.3m) to €625m (US$672.4m).
The new €150m issue carries a coupon of 7.875% and matures on 15 November 2020, according to Reuters data.
The issue priced at €106.5 to yield 6.568%, equal to a spread of 672 basis points over the underlying government bond.
Lead managers on the transaction were Banca IMI, BNP Paribas and Citi.
United Group issued the original €475m (US$645m) bond shortly after US private equity firm KKR acquired a majority stake in the company in October 2013. The global coordinators and bookrunners for that issue were Credit Suisse, BNP Paribas, Citigroup and Unicredit.
United Group was not immediately available for comment.
The company operates in Serbia under the SBB brand and Slovenia and Bosnia and Herzegovina under the Telemach brand.
