Numericable, the French cabelco, has reportedly received favourable responses by several lenders for a proposal for a debt refinancing.
The article, published in Telecompaper, referred to Numericable without giving further details on the…
Numericable, the French cabelco, has reportedly received favourable responses by several lenders for a proposal for a debt refinancing.
The article, published in Telecompaper, referred to Numericable without giving further details on the source.
According to the report part of the package would be a bond issue and an extension of the maturity of the company’s senior debt to 2014.
Last week specialist publication ifr had reported that Numericable wants to raise a E500m high yield bond. At the same time amendments to its current debt facilities would include an extension of maturities by two years.
The article, which referred to unnamed “people familiar with the matter”, said the deadline for lenders to respond to the proposals is 26 July. Acceptance by a majority of them would give Numericable until February 2012 to raise the bond.
According to ifr the process is run by BNP Paribas.
Numericable did not reply to requests for comment by press deadline.
