Dutch cable operator Ziggo has launched a bond issue worth about E1.2bn via joint global coordinators and joint physical bookrunners Credit Suisse and Goldman Sachs and bookrunners BNP Paribas, Deutsche Bank, ING and JP Morgan.
The company said that the…
Dutch cable operator Ziggo has launched a bond issue worth about E1.2bn via joint global coordinators and joint physical bookrunners Credit Suisse and Goldman Sachs and bookrunners BNP Paribas, Deutsche Bank, ING and JP Morgan.
The company said that the net proceeds would be ‘used to repay in full the outstanding amounts under Ziggo’s mezzanine credit facilities, including amounts owed by subsidiaries’.
The senior unsecured notes are due in 2018.
Ziggo, which is owned by Cinven and Warburg Pincus, is the country’s largest cable operator. It claims 3.2 million broadband subscribers, 1.6 million digital TV subscribers and one million telephony subscribers.
